Previous close | 12.58 |
Open | 12.57 |
Bid | 12.54 x N/A |
Ask | 12.65 x N/A |
Day's range | 12.57 - 12.57 |
52-week range | 8.94 - 12.58 |
Volume | |
Avg. volume | 3 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Italian Prime Minister Giorgia Meloni said on Friday that her government has not yet taken any decision regarding the possible sale of further stakes in Poste Italiane, adding that the company would in any case remain under state control. "We haven't taken any decisions, but ... I want to be clear on one thing: there is no way in the world that Poste Italiane can be privatised as long as I head the government of this nation," Meloni told an event in the northern city of Trento. The Italian state owns about 65% of Poste via state lender Cassa Depositi e Prestiti (CDP) and via the Economy Ministry, which intends to sell all or part of its 29.3% direct stake, while retaining control through another 35% held by CDP.
MILAN (Reuters) -Operating profit at Poste Italiane fell 8% in the first quarter despite slightly higher revenues, due to the sharp gains the postal service pocketed a year ago when it sold some of its Italian government bonds. Poste has diversified away from its core mail and parcel business over time and its insurance division is its biggest profit contributor. Poste, which manages 313 billion euros in postal savings, is a major investor in the country's government bonds which account for the bulk of some 100 billion euros in state bonds held by the group - two thirds of its investment portfolio.
The planned sale of the Italian government's stake in postal service Poste Italiane could be worth around 4.4 billion euros ($4.76 billion), Economy Minister Giancarlo Giorgetti said on Wednesday. The Treasury intends to sell all or part of its 29.3% direct stake in Poste, while retaining control through another 35% held by state bank Cassa Depositi e Prestiti (CDP). "Italy will carry out the transaction at the time most appropriate to maximize the revenue," Giorgetti said during a parliamentary hearing.