Italy Nears Picks for Leaders of €250 Billion State Companies

Italy’s government is nearing decisions on who will lead major state-backed companies worth about €250 billion ($287 billion), with shakeups expected at some of the firms.

The list of companies with board chairs and chief executive officers whose terms are set to expire by May include energy and defense groups Eni SpA, Enel SpA and Leonardo SpA. Changes are under consideration for Leonardo, Bloomberg reported on Saturday.