Poste Italiane board approve merger with Poste Tutela

The Board of Directors of Poste Italiane S.p.A. have approved a plan for the merger by incorporation of Poste Tutela S.p.A – entirely controlled by Poste Italiane – within Poste Italiane itself. The merger was also approved today by the Board of Directors of Poste Tutela.

The operation is part of plan to simplify the corporate structure of the Poste Group. In particular, the project will integrate Poste Tutela’s resources with those of Poste Italiane to streamline operations in Poste Tutela’s area of business (i.e., transportation, counting, deposit and custody of valuables, and security in general) and optimise costs.

Source: Poste Italiane