Italian brake maker Brembo NV is selling its entire stake in Pirelli & C. SpA, ending any speculation that the two firms may eventually combine.

Italian Prime Minister Giorgia Meloni is preparing to sell as much as 15% of Poste Italiane SpA as part of a privatization drive aimed at cutting the country’s mammoth debt, according to people familiar with the matter.

Brembo said on Tuesday it was starting a process to sell its entire stake in tyre maker Pirelli, worth around 300 million euros ($332 million), a move dampening speculation about a merger between the two Italian groups.