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Italy eyes asset sales worth 40 bln eur-treasury
September 29, 2011 / 1:30 PM / in 6 years

Italy eyes asset sales worth 40 bln eur-treasury

ROME, Sept 29 (Reuters) - Italy could raise 35-40 billion euros from sales of real estate and other state-owned assets, the treasury said in a document on Thursday.

Real estate sales could be worth between 25 billion and 30 billion euros, while the sale of carbon emission permits could raise 10 billion euros, the treasury said.

It said the measures on state assets could reduce Italy’s deficit by 9.8 billion euros annually.

“Today a big structural reform gets underway to reduce the debt and to help the country’s modernisation and growth,” Economy Minister Giulio Tremonti said in a statement.

Reporting By Giuseppe Fonte

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