Tag: Poste Italiane

Italy post office ready to be privatised, worth 10 bln eur – CEO

Posted by | May 26, 2006 | |

Massimo Sarmi, CEO of the Italian post office Poste Italiane SpA, said the company is ready to be privatised and that estimates of a market value of about 10 bln eur are ‘realistic’. Speaking in a meeting with the foreign press, Sarmi said it could take a year for the government to organise an IPO, but a direct sale to institutional investors could be much faster. He added that he has not yet meet the new government of prime minister Romano Prodi, who was sworn in on May 17. Poste Italiane is controlled by the economy ministry with a 65 pct stake, while 35 pct is held by the financial group Cassa Depositi e Prestiti SpA, which is owned by the government and private foundations.

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NCR boosts ATM presence in Italy

Posted by | May 22, 2006 | |

NCR Corp. has landed a deal with the national Italian Post Office to supply 1,000 NCR automated teller machines. Poste Italiane will install the new ATMs across Italy by this fall. Exact terms of the deal were not disclosed, but NCR said it was a multimillion euro deal. In addition to dispensing cash, the new ATMs will allow customers to pay bills and taxes using postal slips. The new service at the ATM kiosk will save customers from standing in line as well as free staff to improve customer service. Poste Italiane, which offers postal services as well as integrated communication, logistics and financial services, has 140 branch offices and about 14,000 post offices.

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Poste Italiane could be set to deliver banking services

Posted by | Apr 21, 2006 | |

The CEO of Italian post office Poste Italiane, Massimo Sarmi, has revealed that his organisation is considering applying for a banking licence. It could do so in July, when it presents its latest strategic plan, but Mr Sarmi stressed that the company did not currently possess the skills required to operate as a bank.
Mr Sarmi was speaking as Poste Italiane presented its results for 2005. They showed a 13.6 per cent increase in turnover, to 16bn euros, and a 19.4 per cent climb in net profits, to 349m euros.

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