The procedure leading to the sale of a stake in Poste Italiane, expected by the end of October, has begun. The Ministry of Economy will sell a share of its stake in Poste Italiane held by the MEF, while still retaining a direct and indirect share of more than 50%. Intesa Sanpaolo, Mediobanca, Unicredit, Citi, Deutsche Bank, and JP Morgan have been appointed global coordinator and Barclays, BNP Paribas, Morgan Stanley, Société Générale, and UBS have been appointed joint bookrunners. Currently, there is a 35% stake held by Cassa Depositi e Prestiti (also controlled by the MEF) in Poste's shareholder base, while the Ministry has a direct stake of 29.2%. Adding up the direct and indirect shares brings the total to 64.2% therefore, a stake of up to 14% may be placed on the market, which, based on the current capitalization, is worth approximately €2.3 billion. Although it is not possible to know how much the company will be worth at the time of the placement, what is certain is that the sale of Poste Italiane is an important piece of the plan to rationalize public shareholdings, which, according to Minister Giancarlo Giorgetti's plans, should reach €20 billion until 2026. Just in recent days, as a guest at a Bloomberg event, Giorgetti anticipated that it will be "a particularly dense autumn-winter" for privatization.