By Elvira Pollina and Giuseppe Fonte MILAN/ROME, July 6 Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10% from state-owned IT company Sogei, sources told…
uters. Leonardo, which already owns 25% of the so-called National Strategic Hub (PSN), would raise its stake to 35% in a deal that could be announced by the end of this month, two sources familiar with the matter said
PSN is central to Italy’s cloud migration programme backed by about €2 billion ($2.3 billion) from the European Union’s post-pandemic Recovery Fund, which aims to move sensitive public sector data and services on to secure cloud infrastructure. Sogei carried its stake in the cloud venture at just €7 million on its balance sheet, according to its 2025 financial statements. Although small in size, the transaction is part of a broader reshuffle of PSN’s shareholder structure aimed at placing the company under the control of two shareholders with a clear industrial rationale, one of the sources said.
Italian state-backed conglomerate Poste Italiane will acquire a 20% stake in PSN from state lender CDP, Poste’s Chief Executive Matteo Del Fante said earlier this year. Longer term, Poste is targeting 65% of the cloud company, given that it has launched a takeover bid for TIM, currently the cloud hub’s largest shareholder with a 45% stake. The overhaul would pave the way for the exit of shareholders that joined the cloud project as financial partners or without specific expertise in the sector, the person added.