Italy Denies Blackrock's Involvement in Poste Italiane Stake Sale

Italian Prime Minister Giorgia Meloni has refuted media reports suggesting Blackrock's involvement in government plans to sell a 14% stake in Poste Italiane. The Italian Treasury intends to maintain a majority stake, while the public offering is expected to launch later this month.

In a firm rebuttal, Italian Prime Minister Giorgia Meloni has denied that Blackrock will participate in the government's plan to sell a stake in the postal service, Poste Italiane. Her statement comes amid press reports to the contrary.

The Italian Treasury is poised to divest approximately 14% of Poste Italiane shares through a public offering, which is anticipated to kick off later this month. However, the government aims to retain a controlling interest.

This plan aligns with the broader strategy of balancing public control with private sector engagement, without compromising state interests, according to government sources.

(With inputs from agencies.)