Italian Government could sell STM stake to Fsi (Fondo Strategico Italiano,)
The Italian government could sell its 13.75% stake in listed European electronic chip producer STMicroelectronics to Fondo Strategico Italiano, Italian daily Il Sole 24 Ore reported, citing unspecified sources. This was part of a long report which mainly quoted Fsi head Maurizio Tamagnini, which has been appointed in the supervisory board of STM, as talking about some M&A deals in Italy. The report said that Tamagnini is in pole position to become STM chairman
A previous report said that the Italian government could make EUR 700m from the deal.
A previous item noted that the Italian government holds the stake indirectly via ST Holding, a vehicle in which it holds a 50% stake. The report said that the other 50% stake in ST Holding is held by the French government
Source Il Sole 24 Ore