Saturday, October 31, 2015

Privatizations, with Poste reached goal 2015. Then it’s up to Fs and Anav – The Messenger

Objective privatization reached for 2015, albeit with the help of items in the strict sense are not the sale of the company. With 3.1 billion proceeds from the placement of the Italian Post Office (which might become 3.4 if institutional investors exercised in full the option Greeshoe) the Ministry of Economy can certify the achievement of the year of 6.5 billion equal to 0.4 percent of GDP: that the goal stated in the document of economics and finance.

The other big task is the one made in February, with the sale to domestic and international banks of 5.74 percent of Enel, with an income of 2.2 billion. Round up the repayment of bonds by mountains of Monte dei Paschi di Siena, to a value of 1.1 billion and a special dividend of 200 million (in excess of capital) paid to the Treasury by ENAV, which effectively reduces operation the value of the investment in Via XX Settembre.

As required by law, all of these revenues will go directly to reduce public debt. Just with ENAV and the State Railway – confirmed by Economy Minister Padoan – will continue next year the path of privatization, it will have to ensure that just over eight billion, or 0.5 percent of GDP.

 30 October 2015 15:45 – Last Updated: 17:45

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