Poste Italiane, the Italian state-owned postal operator, could envisage privatisation in severalstages like Deutsche Post, according to CEO Massimo Sarmi.
Commenting that estimates of a company value of up to €10 billion are “realistic”, Sarmi toldmedia representatives that the gradual privatisation carried out in Germany was a model for Italy.But he also said that other options than a flotation were imaginable, such as a part-sale toinstitutional investors. Due diligence in preparation for an IPO has now been completed.
The Italian state owns 65% of the postal operator while the remaining 35% stake is held by thepublic savings bank. No talks had yet been held by the country’s new government, according to thepostal chief.
Sarmi also reiterated that Poste Italiane is in talks with international logistics groups over aparcels alliance. Sarmi had said earlier this year that Poste Italiane would present a new strategyin July which could include a strategic partnership in the logistics sector.
