Poste Italiane S.p.A.

PST

IT0003796171

Air Freight & Logistics

Market Closed - Borsa Italiana Other stock markets 11:45:00 2025-01-24 am EST			After market 04:00:00 pm
14.33 ^EUR	-0.45%		14.30	-0.19%

Jan. 17	Poste toward EUR19 billion; market looks at divestment	AN
Jan. 03	Life insurance rescue fund kicks off, starts with EUR300 million	AN

Cariverona ready to take over a stake in Poste from OPV

October 29, 2024 at 02:16 am EDT

(Alliance News) - Fondazione Cariverona is considering buying a stake in Poste Italiane Spa in the upcoming public offering.

As Il Sole 24 Ore revealed Tuesday, chairman Bruno Giordano expressed strategic interest and opportunities for diversification, while noting the intent to support an important Italian company.

However, this statement raises doubts, as Poste Italiane does not need support to maintain its Italian-ness, as the state will retain at least 50 percent of the shares.

Moreover, the DPCM for privatization does not provide for direct negotiations between the Mef and investors, and such a move could create information asymmetries in the markets.

Meanwhile, Poste Italiane has announced its participation in Financial Education Month in November, with events aimed at promoting financial management. Despite the high financial wealth of Italians, Poste's note highlights a low propensity to invest, risks of cash value erosion due to inflation, and an insurance and pension sector with significant gaps compared to the European average.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Poste Italiane S.p.A.

Poste toward EUR19 billion; market looks at divestment	Jan. 17	AN
Life insurance rescue fund kicks off, starts with EUR300 million	Jan. 03	AN
Poste, EU green light for EUR344 million in aid	Dec. 19	AN
EU Green-lights EUR344 Million Italian Compensation for Poste Italiane	Dec. 18	MT
Italian police search couriers in tax and labour probe into Amazon, SDA and GLS	Dec. 17	RE
Anima, Caltagirone sees 9.9%; entanglements with UniCredit OPS	Dec. 11	AN
Terna, Poste, Eni and Snam top in EU for digital transparency	Dec. 09	AN
Poste placement in spring; there is role for foundations	Dec. 02	AN
Poste Italiane, government postpones share sale to 2025 - sources	Nov. 29	RE
Italy pushes back Poste stake sale to 2025, sources say	Nov. 29	RE
Post, 7,500 hires and contracts transformed by 2026	Nov. 29	AN
Italian postal service and Amazon collaborate to improve e-commerce	Nov. 28	AN
CDP evaluates Nexi interbank network purchase for EUR800 million	Nov. 28	AN
Consob seeks clarification from Poste Italiane on products offered	Nov. 26	AN
Delfin and Caltagirone, new scenarios for Italian finance	Nov. 14	AN
Poste Italiane S.p.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	Nov. 06	CI
Poste Italiane S.p.A., Q3 2024 Earnings Call, Nov 06, 2024	Nov. 06
Banco BPM Vita S.p.A. proposed to acquire an 77.62% stake in Anima Holding SpA from Poste Italiane S.p.A., FSI SGR S.p.A., Gamma S.r.l. and others for ?1.49 billion.	Nov. 05	CI
Unipol rules out purchase of MPS and Poste Italiane shares	24-10-31	AN
Cariverona ready to take over a stake in Poste from OPV	24-10-29	AN
Poste, Cariverona to consider share purchase as part of Treasury share sale	24-10-28	RE
Italy's Cariverona to consider buying Poste shares in Treasury's planned stake sale	24-10-28	RE
Poste, political-financial yellow on postponement of 14 percent divestment	24-10-28	AN
Foundations will invest in Poste but need more shareholders	24-10-25	AN
Government could sell shares of Poste and MPS in 2025	24-10-23	AN

Chart Poste Italiane S.p.A.

Duration

Period

PST: Dynamic Chart

Company Profile

Founded in 1862, Poste Italiane S.p.A. is the largest distribution network in Italy, offering logistics, financial, insurance, payment and energy services with an integrated omnichannel approach. It is the country's largest digital platform with 97 million financial apps downloaded and around 3.3 billion yearly digital interactions. Listed on the Milan Stock Exchange since 2015, currently at approximately EUR 16.4 billion market cap., Poste Italiane S.p.A. is controlled by the Italian Government (through the Ministry of Economy and Finance - MEF) and CDP (the Italian National Promotional Institution) with c. 64% of voting rights.

Employees

118,400

Sector

Air Freight & Logistics

Calendar

2025-02-20 - Q4 2024 Earnings Call

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