Privatization of ENAV will start on Monday, July 11, 2016. Maximum 230 million of ordinary shares offered for sale, up to 46.6 % of the Company’s share capital.

The Ministero dell’Economia e delle Finanze welcomes the authorization from Consob to publish the Initial Italian Public Offering Prospectus. After Poste Italiane went public, the privatization of the Company represents another important initial public offering – IPO which represents an another important step within the privatizations program to be implemented by the Italian Government and its aim is to consolidate the Company, strengthen the capital market and find financial resources to be allocated to reduce the financial debt.

Pursuant to the D.P.C.M. of May 16, 2014, the structure of the privatization will ensure a publicly-owned company and stability of the Company’s shareholder structure, even considering the public utility services offered by the Company. Pursuant to the D.P.C.M. of June 10, 2016 implementing the Law Decree No. 21/2012 on the Italian State’s Special Powers, security and confidentiality of the data managed by the Company is also granted.

Further information about offering details:
MEF – Press Release n° 122, 07/07/2016