(ANSA) - Milan, October 22 - The price for the upcoming IPO
of Italian postal company Poste Italiane will be between 6.50
euros and 6.75 euros, sources said on Thursday. This is in the
middle of the range of between 6.00 and 7.50 euros given in the
flotation prospectus. The Italian government is selling a stake
of around 40% in the company and the privatization is expected
to raise 7.8 billion and 9.8 billion euros. As well as running
Italy's postal service, Poste Italiane also has a thriving
banking and financial services arm.
Poste Italiane IPO price 6.50-6.75 euros
State selling off around 40% of company