Italy state lender CDP president ready to step down

June 19, 2015 4:53 PM

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ROME, June 19 Franco Bassanini, president of Italy's state lender Cassa Depositi e Prestiti (CDP), is ready to step down as the government seeks to "reinforce" the company's role in supporting growth, Prime Minister Matteo Renzi said on Friday.

Bassanini will be made a consultant for the prime minister, working in part on the country's plan to expand its ultra-fast broadband network, when he resigns, Renzi said in a statement.

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