Italy's Poste jumps after share offering document put on hold
** Shares in Poste Italiane PST.MI rise as much as 3.4% after market watchdog Consob temporarily suspended the approval of its share offering document, pending decisions on the stake sale by the Italian Economy Ministry
** The Italian Treasury plans to sell a stake of around 14% of the Italian postal service under a public offering, initially expected to be launched later this month
** The government has found the necessary sources of revenue to balance its public accounts in the budget it approved on Tuesday, and it is in no hurry to collect more cash with the placement, a Milan-based trader says
** The placement suspension supports the stock, the trader says, as there will not be any discounted stake sale
** By 0758 GMT the stock is up 2.4% having gained 29.44% YTD
Reporting by Alessandro Parodi and Claudia Cristoferi
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