Rome, August 5, 2026 – Istituto Poligrafico e Zecca dello Stato S.p.A. ("Istituto Poligrafico e Zecca dello Stato" or "IPZS") and Poste Italiane S.p.A. ("Poste Italiane") have completed the acquisition of the share capital of PagoPA S.p.A. ("PagoPA"), holding 51% and 49%, respectively.

On July 28, the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato), following notification under the regulations governing merger control between undertakings, resolved to authorize the transaction and not to initiate formal proceedings.

The transaction follows the announcement made to the market on December 19, 2025, when the companies accepted the offer received from the Ministry of Economy and Finance, exercising, in accordance with the provisions of Legislative Decree No. 19/2024, converted into Law No. 56 of April 29, 2024, the purchase option relating to the acquisition of the share capital of PagoPA.

As all conditions precedent have now been fulfilled, the transaction was completed today.

The total consideration for the acquisition of the shareholdings amounts to a maximum of approximately €500 million and consists of a fixed component as well as certain deferred and variable components.

At the same time, pursuant to the above-mentioned legislation, Istituto Poligrafico e Zecca dello Stato, as the majority shareholder, will exercise sole control over PagoPA.

Poste Italiane Group operates one of the largest service distribution networks in Italy. Its activities include mail and parcel delivery, financial and insurance services, payment systems, telecommunications, and retail energy services. With more than 160 years of history, nearly 120,000 employees, a network of approximately 12,700 post offices, €613 billion in invested financial assets, and 46 million customers, Poste Italiane is an integral part of Italy’s social and economic fabric and represents a unique organization in the country for its scale, brand recognition, nationwide presence, and the trust it enjoys among customers.

Istituto Poligrafico e Zecca dello Stato (IPZS) is the company entrusted with safeguarding public trust in Italy and is wholly owned by the Ministry of Economy and Finance. Established in 1928, it is a European leader in security printing solutions, physical and digital identity, and coin minting. Constantly committed to innovation in products and services for public administrations, businesses, and consumers, and drawing on its extensive expertise, IPZS produces securities, identity and travel documents, and anti-counterfeiting and traceability products and solutions.

For further information:

Poste Italiane S.p.A.
Investor Relations
Tel. +39 06 5958 4716
Email: [email protected]

Media Relations
Tel. +39 06 5958 2097
Email: [email protected]

Istituto Poligrafico e Zecca dello Stato S.p.A.
Tel. +39 348 515 5785
Email: [email protected]