Poste Italiane CEO unaware of CDP plans to raise stake
The CEO of Italian state-owned postal services company Poste Italiane SpA, Massimo Sarmi, said he knew nothing of any plans of local non-bank credit institution Cassa Depositi e Prestiti SpA (CDP) to acquire another stake in Poste Italiane.
A representative of CDP took part in Poste Italiane’s board of directors’ meeting on May 3, 2004, and no such plans were talked of, Sarmi added. Sarmi was asked if he knew of any plans of Cassa Depositi e Prestiti to raise its current 35 pct stake in Poste Italiane at a news conference on May 4, 2004.
