The Italian Ministry of Economy and Finance (the “MEF”) has received advice from Hogan Lovells about the sale of PagoPA, which is presently entirely owned by the MEF, to Istituto Poligrafico e Zecca dello Stato S.p.A. and Poste Italiane S.p.A. in the amounts of 51% and 49% of the company’s share capital, respectively.