Defense & Geopolitical Fragmentation▲
Leonardo to raise stake in Italy's PSN cloud hub to 35% in broader reshuffle
Italian defence group Leonardo is preparing to increase its stake in the National Strategic Hub, which manages cloud services for Italy's public administration, by acquiring an additional 10% from state-owned IT company Sogei, sources told Reuters. The deal, which could be announced by the end of this month, would lift Leonardo's holding to 35% from 25%. The transaction is part of a broader shareholder overhaul aimed at placing the cloud company under the control of two shareholders with a clear industrial rationale, with Poste Italiane set to acquire a 20% stake from state lender CDP and eventually targeting 65% through its takeover bid for TIM, currently the largest shareholder with 45%. Under the reshuffle, Poste would appoint the chief executive while Leonardo would nominate the chairperson. PSN is central to Italy's cloud migration programme backed by about €2 billion from the European Union's post-pandemic Recovery Fund.