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.
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.
Italian Prime Minister Matteo Renzi is preparing to make top-level management nominations at companies including Eni SpA, the oil and gas producer that pays about 1.2 billion euros ($1.7 billion) in annual dividends to state entities and helps shape public policy.
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.
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.
Italy’s state-owned postal service and Wind SpA, the country’s third-largest mobile-phone company, are discussing a possible venture with Wind’s fixed-line network Infostrada, Poste Italiane SpA Chief Executive Officer Massimo Sarmi said.
Italian Prime Minister Enrico Letta is close to sealing a rescue package for Alitalia SpA that involves the national postal service taking a stake in the carrier, four people familiar with the matter said.