Material events during the year and events after 31 december 2024. Principal corporate actions:
- MLK Fresh S.r.l.
On 31 January 2024, through the establishment of the NewCo named “MLK Fresh S.r.l.” (“MLK Fresh”), the partnership in the Fresh Food sector between MLK Deliveries S.p.A. and Mazzocco S.r.l. (“Mazzocco”), an Italtrans Group company operating as a national refrigerated courier, was formalised.
MLK Fresh, 70% owned by MLK and 30% by Mazzocco, is the vehicle through which the parties offer advanced delivery services in Italy dedicated to the fresh food segment in the B2C e-commerce and/or scheduled deliveries market.
- N&TS Group Networks & Transactional Systems Group S.p.A
On 28 February 2024, PostePay signed an agreement to acquire 20% of N&TS GROUP Networks & Transactional Systems Group S.p.A., an Italian leader in software solutions for electronic payments. The transaction, closed on 15 April 2024 following the fulfilment of conditions precedent, aims to enhance PostePay’s technological expertise in order to support its expansion strategy in the digital payments market.
- Poste Logistics S.p.A.
On 4 March 2024, the company Poste Logistics S.p.A. was established, whose share capital is wholly-owned by Poste Italiane S.p.A.; the company is dedicated to integrated logistics activities for the Poste Italiane Group, benefiting from the business unit of SDA Express Courier S.p.A. (“SDA”) concerning the integrated logistics business, through a partial demerger transaction. The partial demerger transaction, resolved by the Extraordinary Shareholders’ Meetings of SDA and Poste Logistics S.p.A. on 27 March 2024, was formalised on 25 June, effective as of 1 July 2024.
- Locker Italia S.p.A.
On 18 April 2024 the company Locker Italia S.p.A. was established – owned by Poste Italiane S.p.A. and Deutsche Post International BV with equal stakes of 50% respectively – dedicated to the development of a network of lockers in Italy for last mile deliveries of parcels managed by Poste Italiane S.p.A. and the e-commerce division of the DHL Group.
- Postego S.p.A.
On 9 May 2024, Postego S.p.A. was established, a benefit company wholly-owned by Poste Italiane, with the aim of progressively internalising the Poste Italiane car fleet (about 30 thousand delivery vehicles).
- SPV Cosenza S.p.A.
On 25 June 2024, SPV Cosenza S.p.A. was established, a company 95% owned by Poste Italiane S.p.A. and 5% by Plurima S.p.A., dedicated to the performance of all the services covered by the public-private partnership contract for the management and rationalisation of integrated healthcare logistics for the Cosenza Provincial Health Authority.
- Anima Holding S.p.A.
On 10 February 2025, the Board of Directors of Poste Italiane S.p.A. resolved to send to Banco BPM Vita S.p.A. (“Banco BPM Vita”) a letter of commitment to adhere to the Takeover Bid (“OPA”) launched by the latter on the ordinary shares of Anima Holding S.p.A. The commitment is subject to the verification of certain conditions, including (i) that the offer price is increased to bring it into line with current market prices; (ii) Banco BPM Vita’s acceptance of the commitment letter; and (iii) the fulfilment of all legal conditions, including the necessary authorisation resolution by the shareholders’ meeting of Banco BPM S.p.A. (“Banco BPM”). It should be noted that on 11 February 2025, Banco BPM Vita sent Poste Italiane S.p.A. acceptance of the commitment letter and that Banco BPM’s Board of Directors approved the calling of the ordinary shareholders’ meeting for 28 February 2025 to resolve on the authorisation to increase the consideration per share offered in the takeover bid to €7.00.
- Patrimonio Italia Logistica – SICAF S.p.A.
On 14 February 2025, the company Patrimonio Italia Logistica – SICAF S.p.A. in gestione esterna was established – owned by Poste Italiane S.p.A. and Dea Capital Real Estate Sgr S.p.A., with initial stakes of 90% and 10% respectively – in which Poste Italiane will contribute all the largest sites of the primary network and a large part of the intermediate network for a total area of approximately 640,000 square metres.
This initiative is dedicated to accelerating and co-financing Poste Italiane’s infrastructural and real estate transformation, while improving the operational efficiency and sustainability of the infrastructure itself.
The operation will also involve several operators specialised in logistics real estate development who will be able to contribute financial resources and specialised know-how and thus accelerate the site renewal process.
- Acquisition of a stake in Telecom Italia S.p.A and sale of Nexi S.p.A.
On 15 February 2025, the Board of Directors of Poste Italiane S.p.A. resolved to acquire approximately 9.81% of the ordinary shares of Telecom Italia S.p.A. (“Tim”) currently held by Cassa Depositi e Prestiti S.p.A. (“Cassa Depositi e Prestiti”). At the same time, the Board of Directors resolved to sell the entire stake held by Poste Italiane in Nexi S.p.A. (“Nexi”) – equal to approximately 3.78% of the share capital – to Cassa Depositi e Prestiti itself.
The consideration for the purchase of Tim’s shares will be paid (i) in part through the proceeds of the transfer from Poste Italiane to Cassa Depositi e Prestiti of the stake in Nexi and (ii) in part through available cash.
