Italy scales back plans to sell stake in Poste By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
0mins
Should l Buy PST?
Source: Investing.com
- Italy Retains Majority Stake in Poste Italiane: Italy will keep 51% ownership of Poste Italiane, reversing plans to reduce the state's stake from 64% to as low as 35%.
- Challenges in Debt Reduction: The decision reflects challenges in using asset sales to manage Italy's significant public debt.
- Revised Decree for Poste Stake Sale: Following criticism, Italy plans to review a decree to sell a smaller stake in Poste, ensuring the state never goes below 51% ownership.
- Debt Reduction Program: Italy aims to raise about 0.7% of GDP through asset sales between 2025 and 2027 to address its high public debt relative to domestic output.
- Union Concerns and Government Plans: Unions express caution over the sale, urging the government to abandon divestment plans, citing potential lower returns compared to dividends from Poste.
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Analyst Views on PST
Wall Street analysts forecast PST stock price to rise
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Current: 22.107
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Italy scales back plans to sell stake in Poste By Reuters
- Italy Retains Majority Stake in Poste Italiane: Italy will keep 51% ownership of Poste Italiane, reversing plans to reduce the state's stake from 64% to as low as 35%.
- Challenges in Debt Reduction: The decision reflects challenges in using asset sales to manage Italy's significant public debt.
- Revised Decree for Poste Stake Sale: Following criticism, Italy plans to review a decree to sell a smaller stake in Poste, ensuring the state never goes below 51% ownership.
- Debt Reduction Program: Italy aims to raise about 0.7% of GDP through asset sales between 2025 and 2027 to address its high public debt relative to domestic output.
- Union Concerns and Government Plans: Unions express caution over the sale, urging the government to abandon divestment plans, citing potential lower returns compared to dividends from Poste.
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Response to Takeover Approach: The move comes as Banco BPM seeks to strengthen its position amid an unsolicited takeover attempt by UniCredit.
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Italy scales back plans to sell stake in Poste By Reuters
- Italy Retains Majority Stake in Poste Italiane: Italy will keep 51% ownership of Poste Italiane, reversing plans to reduce the state's stake from 64% to as low as 35%.
- Challenges in Debt Reduction: The decision reflects challenges in using asset sales to manage Italy's significant public debt.
- Revised Decree for Poste Stake Sale: Following criticism, Italy plans to review a decree to sell a smaller stake in Poste, ensuring the state never goes below 51% ownership.
- Debt Reduction Program: Italy aims to raise about 0.7% of GDP through asset sales between 2025 and 2027 to address its high public debt relative to domestic output.
- Union Concerns and Government Plans: Unions express caution over the sale, urging the government to abandon divestment plans, citing potential lower returns compared to dividends from Poste.
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