Clifford Chance and Shearman & Sterling called up for €4bn Italian post office IPO
Clifford Chance, Shearman & Sterling and three Italian firms are advising on the flotation of Poste Italiane
September 28, 2015 at 07:38 AM
2 minute read
Clifford Chance and Shearman & Sterling have lined up with a group of Italian firms to advise on the partial privatisation of the Italian post office.
The Italian government is planning to float approximately 40% of the company and expects to raise up to €4bn (£2.94bn).
The company has applied to the Milan Stock Exchange for listing and the float is expected to take place in October.
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