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Poste Italiane

Italy's postal service, and also one of the country's biggest financial services providers. It acts as the leading source of funds for Cassa Depositi e Prestiti, which is a de facto sovereign wealth fund. In 2014, Poste had a profit of €212 million on revenue of €28.5 billion, nearly half of which came from the sale of insurance products. Total assets surpassed €450 billion. In October 2015 the Italian Government completed the sale of a minority stake (40%) of Poste Italiane. The offer, the first large sale of shares in government-owned companies in 16 years, generated around €3.4 billion add was priced at €6.75 per share, valuing the business at roughly €8.8 billion

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