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Govt mulls selling 40% of postal service for 4 bn euros

Capital injection would help ease massive public debt

10 January, 13:34
Govt mulls selling 40% of postal service for 4 bn euros (ANSA) - Rome, January 10 - The Italian government has been in talks to possibly sell off up to 40% of the postal service for at least four billion euros, according to a statement from Premier Enrico Letta's office. Ministers met there late Thursday to discuss the possible privatization of 30-40% of Poste Italiane in exchange for much-needed capital in 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 in total control of the Italian government, whose sole shareholder is the economy ministry. It also provides financial in addition to postal services.

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