Poste Italiane IPO roadshow begins

Poste Italiane’s chief executive Francesco Caio has said that the company management will begin a two-week roadshow today ahead of the planned initial public offering (IPO) in late October or early November. As previously reported, the Italian government is looking to sell a 40% stake in the national postal operator for around €4bn.

According to a report published on the Financial Times website yesterday (6 September), the roadshow will include meetings in New York and London.