Italy - Factors to watch on March 29

Askoll Eva SpA

29/03/2019 05:00

MILANO, March 29 (Reuters) -    The following factors could
affect Italian markets on Friday.
    Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
    
    For a complete list of diary events in Italy please click on
 IT/DIA .
    
    POLITICS
    Rome, Cabinet expected to meet to approve package of
measures to spur growth between Friday and Monday April 1.
    
    ECONOMY
    The Bank of Italy appointed Fabio Panetta as its new deputy
governor on Thursday and named two new executive board members.
 urn:newsml:reuters.com:*:nL8N21F7LK
    ISTAT releases flash March CPI and HICP data (1000 GMT).
    Rome, Bank of Italy holds annual general meeting (0900 GMT).
    Rome, Energy Authority AEEGSI expected to release energy and
gas fees effective from April 1, 2019.
    
    COMPANIES
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    Annual general meeting (1000 GMT).
    Warring investors will put their jostle for board seats at
the Italian phone group to another shareholder vote on Friday
but the focus is already shifting to a potential truce. Vivendi,
which is seeking to replace Chairman Fulvio Conti and four other
Elliott-backed directors, is expected to lose the vote.
 urn:newsml:reuters.com:*:nL8N21F6JB
    
    BANKS
    Italy is amending securitisation rules to ease sales of
so-called 'unlikely-to-pay' (UTP) loans by allowing banks to
transfer related financing commitments, according to a draft
bill.  urn:newsml:reuters.com:*:nL8N21F7B3
    
    BANCO BPM  BAMI.MI 
    The bank said on Thursday it was in talks with Credito
Fondiario and illimity  ILTY.MI  to sell a bad loan portfolio
worth up to 778 million euros comprising mainly leasing
contracts.  urn:newsml:reuters.com:*:nS8N218009
(*) According to Il Messaggero, Chief Executive Giuseppe
Castagna has told the bank's board the two offers are not
satisfactory at the moment adding he hoped to strike a deal by
the end of April. Castagna also said a new three-year plan for
the bank's remaining bad loans would be ready by the end of 2019
and centre on managing the loans internally without resorting to
sales, the daily added. 
    
    UBI BANCA  UBI.MI 
    The Italian lender said on Thursday it would book 64 million
euros in gross charges in the first quarter after signing an
agreement with unions over voluntary redundancies.  urn:newsml:reuters.com:*:nS8N218007
    
    FIAT CHRYSLER  FCHA.MI  
    Fiat Chrysler Automobiles said on Thursday it will eliminate
one shift at its Windsor, Ontario, assembly plant where it
builds minivans, resulting in the loss of 1,500 jobs.
 urn:newsml:reuters.com:*:nL1N21F22W
    
    ENI  ENI.MI  
    A U.S. appeals court on Thursday supported a lower court's
finding that Italian oil producer Eni breached a contract with
offshore drilling contractor Transocean Ltd  RIGN.S , but voided
a $160 million damages award. 
    It sent the damages decision back to the District Court to
recalculate damages based on what work the rig could have
performed.  urn:newsml:reuters.com:*:nL1N21F22K
    
(*) SALINI IMPREGILO  SALI.MI 
    The Italian construction company has won a 608 million euros
contract for a section of high-capacity railroad construction
between Naples and Bari. Salini is the leader of a consortium
that includes also Astaldi  AST.MI .  urn:newsml:reuters.com:*:nFWN21F19L 
    
    BUZZI UNICEM  BZU.MI 
    Barclays raised the target price of the Italian cement maker
to 21 euros from 20 euros. 
    
    BANCA FARMAFACTORING  BFF.MI 
    BFF Luxembourg launched on Thursday the placement of up to
22 million of ordinary shares (about 12.9 percent of capital) of
the Italian credit management company through an accelerated
bookbuilding process, the bookrunner said. 
    Following completion of the placement, BFF Lux will continue
to be the main shareholder of BFF.  urn:newsml:reuters.com:*:nFWN21F0Y7
    
    AQUAFIL  ECNL.MI 
    Three Hills Capital Partners placed 5.75 percent of capital
of the Italian company at 9.66 euros per share through an ABB.
 urn:newsml:reuters.com:*:nS8N21803N
        
    ANIMA HOLDING  ANIM.MI 
    Annual and extraordinary shareholders' meetings (1000 GMT).
    
    GRUPPO CERAMICHE RICCHETTI  RICC.MI 
    Finkéramos SpA ends takeover offer on Gruppo Ceramiche
Ricchetti ordinary shares.
    
    IPO NEXI
    The Italian payments group expects its shares to debut on
the Milan stock market on April 16 with a free float of up to
43.2 percent of capital, Nexi said after receiving a green light
to the listing from markets watchdog Consob. Banking
shareholders Banco BPM  BAMI.MI , Banca Popolare di Sondrio
 BPSI.MI , Credito Valtellinese  PCVI.MI  , ICCREA Banca and
Banca di Cividale will sell about 21 million shares in the IPO,
Nexi added in a statement.  urn:newsml:reuters.com:*:nS8N21800D
    
    Board meetings on FY results: ALFIO BARDOLLA TRAINING GROUP
 ABTG.MI , AMBROMOBILIARE  AMBA.MI , ASKOLL  EVAS.MI , BOMI
ITALIA  BOMI.MI , CFT  GLN.MI , COMER INDUSTRIES  COME.MI , DBA
GROUP  DBA.MI , ENERGICA MOTOR COMPANY  EMCC.MI , ESAUTOMOTION
 ESAU.MI , GAS PLUS  GSP.MI , GPI  GPI.MI , GRIFAL  GRALA.MI ,
ICF GROUP  ICFG.MI , ILLA  ILLA.MI , ILPRA  ILP.MI , LUCISANO
MEDIA GROUP  LCMG.MI , M&C  MACA.MI , MITTEL  MTTI.MI , MONDO TV
 MTV.MI , MONNALISA  MONNA.MI , NOVA RE  NR.MI , PLT ENERGIA
 PLTEN.MI , ROSETTI MARINO  YRM.MI , ROSSS  ROSS.MI , SCIUKER
FRAMES  SCK.MI , SG COMPANY  SGCO.MI , SOL  SOLS.MI , THESPAC
 TSPA.MI , TISCALI  TIS.MI  (1400 GMT), VIMI FASTENERS
 VIMI.MI , VISIBILIA EDITORE  VE.MI , WM CAPITAL  WMC.MI .
    
    DIARY
    Assisi, Prime Minister Giuseppe Conte attends ceremony with
King of Jordan Abdullah II, German Chancellor Angela Merkel
(1100 GMT).
    Milan, start of two-day conference on "New Frontiers in
Banking: from Corporate Governance to Risk Management" (0645
GMT); expected attendees include BNL BNP Paribas Group
 BNPPL.UL  CEO Andrea Munari, UniCredit  CRDI.MI  Chairman
Fabrizio Saccomanni, ECB official David Marques.
    Verona, 'World Congress of Families - WCF' starts, with
Family Minister Lorenzo Fontana (to March 31); opening ceremony
at 0700 GMT.
    Sannazzaro de' Burgondi, news conference to present
agreement between Eni  ENBI.MI  and Italian Biogas Consortium
(CIB) with Agriculture Minister Gian Marco Centinaio, Eni
representative Giuseppe Ricci, CIB President Piero Gattoni (1100
GMT).
    Vicenza, 2001 Economy Nobel prize winner Michael Spence,
Italian state railways Ferrovie dello Stato CEO Gianfranco
Battisti attend conference "Città Impresa 2019" (to March 31).
    
    ((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, 
milan.newsroom@news.reuters.com))
    
    For Italian market data and news, click on codes in 
brackets:

    20 biggest gainers (in percentage)............ .PG.MI 
    20 biggest losers (in percentage)............. .PL.MI 
    FTSE IT allshare index  .FTITLMS 
    FTSE Mib index........  .FTMIB 
    FTSE Allstars index...  .FTSTAR 
    FTSE Mid Cap index....  .FTITMC 
    Block trades..........  .BLK.MI 
    Stories on Italy......  IT-LEN 
    
    For pan-European market data and news, click on codes in 
 brackets:
  European Equities speed guide................... EUR/EQUITY 
  FTSEurofirst 300 index.............................. .FTEU3 
  DJ STOXX index...................................... .STOXX 
  Top 10 STOXX sectors........................... .PGL.STOXXS 
  Top 10 EUROSTOXX sectors...................... .PGL.STOXXES 
  Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S 
  Top 25 European pct gainers....................... .PG.PEUR 
  Top 25 European pct losers........................ .PL.PEUR 
 
  Main stock markets:
  Dow Jones............... .DJI   Wall Street report ..... .N 
  Nikkei 225............. .N225   Tokyo report............ .T 
  FTSE 100............... .FTSE   London report........... .L 
  Xetra DAX............. .GDAXI   Frankfurt market stories .F 
  CAC-40................. .FCHI   Paris market stories... .PA 
  World Indices..................................... 0#.INDEX 
  Reuters survey of world bourse outlook......... EQUITYPOLL1 
  Western European IPO diary.......................... WEUIPO 
  European Asset Allocation........................ EUR/ASSET 
  Reuters News at a Glance: Equities............... TOP/EQE 
  Main currency report:............................... FRX/ 

 (Reporting By Viviana Venturi)
 ((viviana.venturi@thomsonreuters.com;))