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.
Poste Italiane SpA , Italy’s postal service, aims to reach an agreement with UniCredit SpA to buy its project-financing unit MedioCredito Centrale SpA by the end of this year, Poste Chief Executive Officer Massimo Sarmi said.
Coca-Cola HBC AG is issuing its first bonds since the world’s second-biggest bottler of the soft drink switched its stock listing to London from Athens as European borrowing costs climb to a three-month high.
Telecom Italia SpA Chief Executive Officer Franco Bernabe plans to tender his resignation this week after losing the support of the carrier’s biggest shareholders, according to a person with knowledge of the matter.
Etihad Airways PJSC said it’s in talks with Alitalia SpA, the ailing Italian airline that’s seeking a new international backer after existing shareholder Air France-KLM Group said it won’t inject fresh funds.
The head of Italy’s postal service, which is helping bankroll an Alitalia SpA rescue, plans to meet his counterpart at Air France-KLM Group to sway the Italian carrier’s biggest investor to buy into a capital increase.