Poste Italiane SpA (7PI.HA)
| Previous close | 12.41 |
| Open | 12.52 |
| Bid | 12.64 x N/A |
| Ask | 12.72 x N/A |
| Day's range | 12.52 - 12.77 |
| 52-week range | 8.98 - 12.77 |
| Volume | |
| Avg. volume | 1 |
| 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 |
- Reuters
Italy scales back plans to sell stake in Poste
Italy will retain 51% of Poste Italiane, the Treasury told unions on Thursday, scaling back a previous plan to cut the state's stake in the postal service to as low as 35% from 64% currently. The move highlights the government's difficulties in respecting its pledge to use asset sales to rein in Italy's massive public debt. Prime Minister Giorgia Meloni announced a decree in January to allow the Treasury to dispose all or part of its 29.3% stake in Poste while retaining control through another 35% stake held by state lender Cassa Depositi e Prestiti (CDP).
- Reuters
Italy PM says no decision yet on Poste Italiane stake sale
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.
- Reuters
Italy's Poste sees profit drop after bond-driven gains
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.
