Govt could sell 40% of postal service by year-end
Sale of share in public asset could yield four billion euros10 January, 15:53
Antonio Catricalà, deputy industry minister, said that between 30% and 40% of the national postal service could be sold, and a deal is "plausible within the year".
But the majority of ownership "will remain with the State," he added.
Members of Premier Enrico Letta's cabinet discussed the sale on Thursday as a means of raising much-needed capital for the treasury of Italy, whose debt of over two trillion euros makes it one of the largest debtor nations in the world. Poste Italiane is a public company but is controlled by the Italian government, whose sole shareholder is the economy ministry.