Italy reshapes national cloud company as Leonardo, Poste target control, sources say

By Elvira Pollina and Giuseppe Fonte

MILAN/ROME, July 6 (Reuters) - Italian defence radical Leonardo is preparing to summation its involvement successful the institution that ‌manages unreality services for Italy's nationalist medication by acquiring an further 10% ‌from state-owned IT institution Sogei, sources told Reuters.

Leonardo, which already owns 25% of the alleged National ​Strategic Hub (PSN), would rise its involvement to 35% successful a woody that could beryllium announced by the extremity of this month, 2 sources acquainted with the substance said.

PSN is cardinal to Italy's unreality migration programme backed by astir €2 cardinal ($2.3 billion) from the ‌European Union's post-pandemic Recovery Fund, ⁠which aims to determination delicate nationalist assemblage information and services connected to unafraid unreality infrastructure.

Sogei carried its involvement successful the unreality ⁠venture astatine conscionable €7 cardinal connected its equilibrium sheet, according to its 2025 fiscal statements.

Although tiny successful size, the transaction is portion of a broader reshuffle of PSN's shareholder operation ​aimed astatine ​placing the institution nether the power of ​two shareholders with a wide ‌industrial rationale, 1 of the sources said.

Italian state-backed conglomerate Poste Italiane volition get a 20% involvement successful PSN from authorities lender CDP, Poste's Chief Executive Matteo Del Fante said earlier this year.

Longer term, Poste is targeting 65% of the unreality company, fixed that it has launched a takeover bid for TIM, presently the unreality ‌hub's largest shareholder with a 45% stake.

The overhaul ​would pave the mode for the exit of ​shareholders that joined the unreality task ​as fiscal partners oregon without circumstantial expertise successful the sector, ‌the idiosyncratic added.

As portion of the ​reshuffle, discussions are besides ​under mode implicit the aboriginal governance of the company.

Under the script presently being discussed, Poste would name the main enforcement portion Leonardo would nominate the ​chairperson, the sources said.

Leonardo, ‌Poste and TIM declined to comment. CDP and Sogei were not instantly ​available to comment.

($1 = 0.8752 euros)

(Reporting by Elvira Pollina successful MIlan and ​Giuseppe Fonte successful RomeEditing by Keith Weir)