Italy picks UBS Europe, White & Case as advisers for Poste stake sale

Industry:    2 months ago

Italy’s Treasury said it had picked UBS Europe SE and White & Case Europe LLP as financial and legal advisers for the stake sale of around 14% in postal service Poste Italiane.

The Italian postal service is valued at around 16.4 billion euros ($18.29 billion) at current market prices and the proposed share sale is expected to cut Italy’s hue public debt by around 2.3 billion euros.

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