MILAN, Sept 16 Poste Italiane said on Friday it bought a 14.85 percent stake in Italian bank payment provider SIA from Italian state lender Cassa Depositi e Prestiti (CDP) for 278 million euros ($312 million).
The recently privatised post office already reaps part of its 31 billion euro annual revenues from payment services offered to families and companies and is seeking to expand this business.
06:33 SAP first-quarter core profit up 8 percent on accelerating cloud sales16
03:32 Asia stocks rise, euro steady as relief from French vote buoys sentiment15
21:12 Number of U.S. bank branches to shrink 20 percent in five years: real estate report14
15:08 Euro surges, yen dives as French election fears abate16