Budget law says FS assets should be sold to Terna - update

(ANSA) - Rome, December 12 - The 2015 Italian budget includes conditions for the partial sale of power-grid assets owned by State railway company Ferrovie dello Stato (FS) to national electricity grid operator Terna, documents showed Friday. The conditions also say that FS must provide all relevant information to Terna within 30 days of the budget becoming law. The government plans to sell as much as 40% of the railway assets in a privatization plan. Some proceeds may be ploughed back into the national railway system under the plan.