Tardy progress in Italian asset sales

Article Abstract:

The Italian treasury ministry was expected to sell off its 34% stake in the Istituto Nazionale delle Assicurazioni by the end of 1995, but unforeseeable political events and a poorly performing stock market have hindered progress, and the expected completion date is now unknown. The IPO share price is not expected to be surpassed, even though experts in the industry foresee a significant increase in performance during 1996 and 1997.

Finance, Privatization, Privatization (Business)

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Hard core for IMI and INA

Article Abstract:

The Italian Treasury will sell its remaining stakes in insurer INA and investment bank and financial services group IMI. It wants to sell its stake to a hard core of controlling shareholders. The Treasury owns a 22.6% stake in IMI. Cariplo, savings bank based in Milan, Italy, is interested in acquiring the Treasury's IMI stake. Cariplo has an 8.3% stake in IMI.

Insurance, Insurance Carriers and Related Activities, Financial Services, Finance and Insurance, Financial services industry, Insurance industry, Investments, IMI Bank International (Italy)

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Italian Treasury on target for year-end sales

Article Abstract:

Privatization continues throughout Italy. The sale of the Mediocredito Centrale and the potential sale of Ente Nazionale per L'Energia Elettrica are discussed.

Italy, Commercial Banks, Commercial Banking, Electric Utilities, Electric Power Generation, Transmission and Distribution, Organizational history, Electric services, Security brokers and dealers, Statistical Data Included, Banking industry, Ente Nazionale per l'Energia Elettrica, Mediocredito Centrale

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