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Rome - Italian Prime Minister Matteo Renzi's government on Friday approved the sale of up to 40% of the postal service as part of a wide-ranging privatisation programme to raise about €12bn.
The sale "can be carried out in several stages and through a public offering," read the statement from a cabinet meeting authorising the sale of Poste Italiane, which is expected to raise around €4bn.
The cabinet meeting also approved the sale of Enav, the state air traffic control agency, which could bring around €1bn into state coffers.
Train stations
The government is also planning to list up to 49% of state-owned shipbuilder Fincantieri in the biggest privatisations in two decades as part of an effort to reduce Italy's towering debt mountain.
The timing is uncertain and other sales have not been officially approved but they could include a stake of between 4 and 10% in the energy major ENI and 13% of semiconductor maker STMicroelectronics which is part owned by the French state.
The company Grandi Stazioni, which manages Italy's largest train stations, could also be up for grabs, as could holdings in the gas and electricity grid operators Snam and Terna.
