Tardy progress in Italian asset sales
Article Abstract:
The Italian treasury ministry was expected to sell off its 34% stake in the Istituto Nazionale delle Assicurazioni by the end of 1995, but unforeseeable political events and a poorly performing stock market have hindered progress, and the expected completion date is now unknown. The IPO share price is not expected to be surpassed, even though experts in the industry foresee a significant increase in performance during 1996 and 1997.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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Hard core for IMI and INA
Article Abstract:
The Italian Treasury will sell its remaining stakes in insurer INA and investment bank and financial services group IMI. It wants to sell its stake to a hard core of controlling shareholders. The Treasury owns a 22.6% stake in IMI. Cariplo, savings bank based in Milan, Italy, is interested in acquiring the Treasury's IMI stake. Cariplo has an 8.3% stake in IMI.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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Italian Treasury on target for year-end sales
Article Abstract:
Privatization continues throughout Italy. The sale of the Mediocredito Centrale and the potential sale of Ente Nazionale per L'Energia Elettrica are discussed.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1999
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