Poste Italiane buys 20% of National Cloud Hub, targeting majority control

Poste Italiane is acquiring a 20% stake in the National Strategic Hub (PSN) from state lender CDP.

The PSN manages cloud services for Italy's public administration under a migration program supported by the EU's post-pandemic recovery fund.

This transaction initiates a restructuring to replace financial partners with shareholders focused on clear industrial purposes.

Poste Italiane reportedly aims to eventually secure a 65% controlling stake in the cloud company.