Privatizations, Post Offices and Railways: the government’s moves

These are the companies vying for a partial sale. Transfers of shares that would not take away control from the State. This is Palazzo Chigi’s line as part of a plan that plans to collect 20 billion in three years

We know something more about the privatization plan that the government has in mind. And it was Giorgia Meloni, during the press conference at the end/beginning of the year, who explained what line Palazzo Chigi will follow and which pieces of public companies could be sold.

Twenty billion in three years

The general program is known: it is the one contained in the Economic and Financial Document of last September and has the objective, in three years, of bringing around 20 billion into the treasury coffers, not much to reduce the enormous public debt that weighs on Italy. A series of operations that will not involve gifts “to well-connected entrepreneurs”, assured the Prime Minister, and, in any case, maintaining control of the companies put on the market.

Post Office, the helm remains in the hands of the State

The names are those circulated in recent months. In the running is Poste Italiane, partly privatized in 2015, but still largely controlled by the State, which has in its hands over 64 percent of the group involved in various fields: from shipping to banking services. Maintaining the majority would mean that at most a package of around 13 percent would be on sale, with proceeds of around 1.7 billion. Less, therefore, than what has been circulating recently, when it was hypothesized to sell up to almost 30 percent (the share of the Ministry of Economy) which could have yielded 3.8 billion.

Long lead times for sales

The operation, in any case, should follow standard procedures, therefore long and not rapid times as in the case of Monte dei Paschi di Siena, of which in November the State sold 25 percent with a process that does not guarantee maximum income .

Railways, doors open to private partners

In the context of privatizations, then, there is also Ferrovie dello Stato. Also in this case Meloni hypothesized the sale of minority shares. The idea of ​​putting 40 percent of the group (excluding infrastructure) on the market dates back eight years but nothing has happened. If we were able to cross this finish line now, it is estimated that around five billion would be raised. Added to those of the Post Office, it would not exceed seven, i.e. a third of the objective declared by the government.