Italy targets savers in planned $2.6 bln Poste share sale, decree shows
Italy,Markets,Banking and Finance
From the Center
AllSides Media Bias Rating: Center
ROME, Sept 24 (Reuters) - Italy will target domestic savers in its planned public offering of around 14% of Poste Italiane (PST.MI) , a government decree seen by Reuters showed on Tuesday. The Italian postal service is valued at around 16.2 billion at current market prices and the proposed share sale is therefore expected to cut Italy's huge public debt by 2.3 billion euros ($2.6 billion). Under the decree, which has yet to be published, the sale procedure will give "priority to savers resident in Italy, including Poste Italiane employees,...
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