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Italian Privatization

Italian Privatization. From Telecom. To Tomatoes. Company Telecom Italia ENI (oil) INA (insurance) IMI Comit Ilva Credito Italiano (bank) Sme Italtel (telecom) AS Terni (shipping) Nuova Tirrena (insurance) Cirio, Bertolli, De Rica Other. Privatization Proceeds * 25.0

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Italian Privatization

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  1. Italian Privatization From Telecom To Tomatoes

  2. Company Telecom Italia ENI (oil) INA (insurance) IMI Comit Ilva Credito Italiano (bank) Sme Italtel (telecom) AS Terni (shipping) Nuova Tirrena (insurance) Cirio, Bertolli, De Rica Other Privatization Proceeds* 25.0 15.2 9.5 4.1 2.9 1.9 1.8 1.3 1.0 0.6 0.6 0.3 1.7 66.8 = $US 39 bill. Italy’s Privatization Effort Largest in Europe (1997) * Lire, thousands of billions

  3. National Enterprises Still To Be Privatized (1997) % Public Ownership 100 100 100 100 100 87 61 60 50 15 Company/Industry ENEL/electricity RAI/television Poste Italiane/postal delivery Fincantieri/terminals/containers Finmare/shipping Autostrade/highways Seat/automobiles Finmeccanica/defense/aerospace/transport Alitalia/airlines ENI/oil/gas/energy .

  4. In Italy, Municipalities Provide Many Infrastructure Services % of Population Served by Municipally-Owned Companies 100 100 95 85 90 75 Type of Service Heating Electricity distribution Water distribution Gas distribution Public transportation Sanitation …But, in some areas, they also provide other non infrastructure services, such as: Wine Milk Pharmacies

  5. Some Municipal/Regional Enterprises to Be Privatized (1997) • Rome: airports, milk cooperatives • Milan: municipal electricity distribution utility, 87 municipal pharmacies, milk cooperatives • Venice: ship/container terminal • Palermo: Corvo wine

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