By | June 15 2012 4:15 PM

Debt-riddled Italy is trying to raise €10 billion ($12.6 billion) by selling off state assets. To avoid an international bailout like those needed in Greece, Ireland, Portugal, and Spain, Rome put three public companies -- credit agency Sace, industrial holding company Fintecna and investment company Simest -- on the auction block Friday, and they will be sold “within months, according to the Financial Times.