Poste Italiane at a glance
Poste Italiane at a glance – statistics & volumes inc EMS
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Poste Business Plan ready before the summer
Massimo Sarmi, the new managing director of Italian post office Poste, says that the new business plan will be ready before the summer and will be implemented from January 2003.
Read MoreSarmi Appointed as Poste Italiane MD
The Italian treasury which holds a 100 percent stake in Italian postal services group Poste, is to appoint Massimo Sarmi as managing director. Mr Sarmi who is currently managing director of Siemens Italia, will be in charge of Poste’s stock market flotation. He will replace Corrado Passera, who has been appointed joint managing director of Italian banking group IntesaBCI.
Read MoreGovernment discusses renewal of ENI, Enel and Poste boards
The Italian government is to renew the board of directors of Italian oil group ENI, Italian electricity group Enel and the post office Poste. Sources say that Massimo Sarmi is to replace Corrado Passera as managing director of Poste and Vittorio Mincato will be confirmed as chairman of ENI. Stefano Cao, who is currently managing director at Italian oil contractor Agip, may be appointed managing director of ENI. Another candidate for this position is Fabrizio d’Adda, the current chairman of petrochemicals group Enichem.
Read MoreItalian Government Sells Two Poste Italiane Buildings
The Italian government is to launch the second tranche of its property securitisation operation next week. The operation, which will run until the end of the summer, is designed to reducing gross expenditure by 4bn euros. The properties involved are residential buildings owned by seven prudential insurance companies, the Italian railway company FS and the Italian post office Poste. The properties of these last two are worth 334m euros and 324m euros respectively. The application forms will be sent to Italian banks on May 15.
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