Prime Minister Enrico Letta’s government will review the aid that Italy’s postal system gets from the state, including annual pension relief of almost 1 billion euros ($1.4 billion), before its partial sale planned for this year, a senior official said.
French state-owned companies La Poste and Caisse des Depots et Consignations will discuss today the possible takeover of Dexia SA’s French municipal-lending business, two people familiar with the matter said.
La Banque Postale, France’s postal bank, wants an alternative financing structure for the share of the loans from Dexia SA’s French municipal lending unit that it will assume, Les Echos reported, citing unnamed people at the bank.
DPD, the German unit of France’s La Poste, expects to have grown 6 percent this year and plans to invest 90 million euros ($117 million) in 2012, the Financial Times Deutschland reported today, without saying where it obtained the information.
French state-owned bank Caisse des Depots et Consignations has reached an agreement in principle to take a 26 percent stake in La Poste, Finance Minister Christine Lagarde told La Tribune in an interview.