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General

Poste Italiane confirms acquisition of EUR 278 mln SIA stake

Friday 16 September 2016 | 14:24 CET | News
The Italian post office (Poste Italiane) has confirmed the acquisition of a 14.85 percent stake in European payment technology services provider SIA from state lender Cassa Depositi e Prestiti (CDP). In a statement, Poste Italiane said it bought a 30 percent share in FSIA Investimenti, a CDP vehicle which owns 49.5 percent of SIA, for a total of EUR 278 million. The transaction values SIA at some EUR 2 billion and will help the newly-privatised post office continue growing in the lucrative digital payment business.

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Categories: General
Companies: Poste Italiane / SIA
Countries: Italy
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