Italy - Factors to watch on April 29

Brembo NV

29/04/2025 05:00

The following factors could affect Italian markets on Tuesday.

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

Italian Prime Minister Giorgia Meloni told daily Corriere della Sera daily in an interview published on Tuesday that "times are not mature yet" for a summit and a deal on tariffs between the European Union and the United States.

ECONOMY

ISTAT releases April consumer and business confidence data (0800 GMT); January industry sales data (0900 GMT); Q1 wage inflation data (1000 GMT).

DEBT

Treasury sells 3.0-3.5 billion euros of 2.95% BTP bonds due July 1, 2030; 3.5-4.0 billion euros of new 3.60% BTP bonds due Oct. 1, 2035; 1.5-2.0 billion euros of CCTeu bonds due April 15, 2033. Subscriptions close at 0900 GMT.

COMPANIES

MEDIOBANCA MDBI.MI, BANCA GENERALI GASI.MI, GENERALI GASI.MI

Mediobanca struck back on Monday in the takeover war gripping Italian finance with a 6.3 billion euro ($7.15 billion) offer for wealth manager Banca Generali to be financed by handing over its stake in insurer Generali.

Banca Generali in a statement said Mediobanca's takeover bid was neither solicited nor priorly agreed upon.

Generali said its board acknowledged Mediobanca's announcement but did not discuss it at a meeting on Monday.

Mediobanca will hold its ordinary general meeting on June 16.

MONTE DEI PASCHI BMPS.MI, MEDIOBANCA

The Tuscan bank does not see the buyout offer announced on Monday by Mediobanca as an obstacle for its own bid to acquire the Milanese bank, two people close to the state-backed lender said.

GENERALI

The insurer said on Monday its board re-appointed Philippe Donnet as CEO and Andrea Sironi as Chairman for another three-year mandate.

UNICREDIT CRDI.MI

The bank said on Monday it meets the minimum requirements for own funds and eligible liabilities (MREL) set by resolution authorities. It also postponed to May 11, from May 6, the board that is due to approve first quarter results.

(*) ENI ENI.MI

Investment funds Stonepeak, Apollo Global and Ares Management are expected to submit binding offers for a 15% stake in the energy group's renewables and retail arm Plenitude by May 6, Il Sole 24 Ore reported on Tuesday.

PIRELLI PIRC.MI

The Italian tyremaker said on Monday its board established that the group's largest investor, China's state-owned Sinochem 600500.SS, no longer controls the company, and added that shareholders will continue to discuss governance arrangements.

Sinochem said it was deeply disappointed and firmly opposed the resolution by the board.

(*) SS LAZIO LAZI.MI

The Roman club blew a chance to move up into a Champions League qualifying fourth place in Serie A standings after a 2-2 home draw with lowly Parma on Monday night.

INTESA SANPAOLO ISP.MI

Annual and extraordinary shareholders' meetings (0800 GMT).

MAIRE MTCM.MI

Releases Q1 results, followed by conference call (1530 GMT).

        RECORDATI RECI.MI

        Annual general meeting (0700 GMT); presents 2025-2027 business plan online with CEO Rob Coremans, CFO Luigi La Corte (1400 GMT).

A2A A2.MI

Annual general meeting (0800 GMT).

BRUNELLO CUCINELLI BCU.MI

Annual general meeting (0800 GMT).

INTERPUMP GROUP ITPG.MI

Annual general meeting (0800 GMT).

UNIPOL UNPI.MI

Annual and extraordinary shareholders' meetings (0830 GMT).

FINECOBANK FBK.MI

Annual and extraordinary shareholders' meetings (1000 GMT).

BREMBO BRBI.MI

Annual general meeting (0900 GMT).

INDUSTRIE DE NORA DNR.MI

Annual general meeting (0800 GMT).

DIARY

Rome, Prime Minister Giorgia Meloni and Turkey President Recep Tayyp Erdogan attend "4th Italy-Turkey Summit" (0930 GMT).

Rome, "Italy-Turkey Business Forum" with Deputy Foreign Minister Edmondo Cirielli and Turkish counterpart Mustafa Tuzcu delivering closing addresses at morning session; afternoon session with Industry Minister Adolfo IUrso and Turkish counterpart Mehmet Fatih Kacir; high-level session with Prime Minister Giorgia Meloni and Turkish President Recep Tayyip Erdogan (1300 GMT).

Rome, European Affairs and National Recovery and Resilience Plan (NRRP) Minister Tommaso Foti addresses Senate EU Policies Committee on the Commission Work Programme for 2025 (1000 GMT).

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.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/