Italian State‑Owned Companies Reach Nearly €400 bn Market Value on Borsa Italiana

Fifteen companies in which Italy’s Ministry of Economy and Finance holds stakes collectively reached a market capitalisation of €394.8 billion on Borsa Italiana as of 1 July 2026. This represents about 34 % of the total value of the Italian stock market, up from €310.3 billion at the start of the year – an increase of €84.4 billion (28.5 %).

The state’s direct or indirect holding in these firms is valued at €133.4 billion. The portfolio spans strategic sectors such as energy, defence, infrastructure and finance and includes flagship firms like Enel, Eni, Leonardo, Poste Italiane, Terna, Snam, Italgas, Fincantieri, Saipem, STMicroelectronics, Enav, Rai Way, Nexi, Banca Monte dei Paschi di Siena and Trevi Finanziaria Industriale. Their growing market weight underscores the continued central role of public‑sector groups in Italy’s economy and the broader stock market.

Analysts attribute the rise to stronger investor confidence in the listed state‑controlled companies and, in some cases, to changes in share‑holding structures that have boosted valuations.