Italy - Factors to watch on June 23

Ferretti SpA

23/06/2023 05:00

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 .
    
    DEBT
    Italy's Treasury said on Thursday it would sell up to 4.25
billion euros ($4.66 billion) in short-term BTP and
inflation-linked BTP bonds on June 27.
     
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on June 28.
    
    COMPANIES
    (*) ENI  ENI.MI 
    The Italian energy group and its Norwegian unit Vaar
 VAR.OL  have agreed to buy private-equity backed Neptune Energy
in a deal valuing the assets of the gas and oil producer $4.9
billion including debt, the two groups said on Friday.
    
    (*) MEDIAFOREUROPE (MFE)  MFEB.MI , MONDADORI  MOED.MI ,
BANCA MEDIOLANUM  BMED.MI  
    The opening of Silvio Berlusconi's will, which was expected
to take place on June 26, might be postponed to later than next
week, Il Corriere della Sera daily reported on Friday.
    
    (*) ENEL  ENEI.MI  
    Italy's biggest utility is considering replacing the CEO of
its Spanish subsidiary Endesa, Jose Bogas, and reshuffling its
board, MF newspaper wrote on Friday, attributing this plan to
Enel CEO Flavio Cattaneo. 
    
    TELECOM ITALIA (TIM)  TLIT.MI 
    The Italian phone group said on Thursday it had granted an
exclusivity period to U.S. fund KKR  KKR.N  over the sale of its
landline grid.
    TIM's board unanimously mandated CEO Pietro Labriola to
start talks with KKR aimed at obtaining a binding offer no later
than Sept. 30, the group said in a statement.
    (*) Top investor Vivendi  VIV.PA  may lower its minimum
price for the sale of the grid from 31 billion euros to a
"floor" of 26 billion euros, according to daily Il Messaggero.
      
    PIRELLI  PIRC.MI 
    Chinese state-owned Sinochem Group  600500.SS  is expected
to keep its stake in Pirelli despite a move by the Italian
government to limit its influence at the tyremaker, three
sources close to the matter told Reuters.
       
     (*) CAIRO COMMUNICATION  CAI.MI 
    CEO and Chairman Urbano Cairo has denied rumours about its
interest to buy out Mediaset and Mondadori, Italian media
reported on Friday.
    
    EUROVITA, not listed
    Prosecutors in Milan have opened an investigation into
Eurovita, a small life insurer which has been placed under
special administration by Italian authorities after running into
trouble, two people with direct knowledge of the matter told
Reuters.
    
    FERRETTI  9638.HK 
    Italian yacht-maker Ferretti is expected to price its offer
for a dual listing in Milan at around 3 euros per share, two
sources said.
    
    DIARY
        Washington, Italian Defence Minister Guido Crosetto
meets U.S. Defence Secretary Lloyd Austin.
  
    Rome, Bank of Italy holds workshop "Characteristics of smart
contracts used in banking, finance and insurance sectors" (1300
GMT); Bank of Italy Vice Governor Piero Cipollone delivers
closing address (1545 GMT).
    Milan, illimity  ILTY.MI  holds annual event "Believe,
giving energy to the future" (0700 GMT); illimity CEO Corrado
Passera delivers welcome remarks (0800 GMT); expected attendees
include at round-table discussion "Financial instruments to
support energy transition" Bernardo Attolico from Economy
Ministry agency SACE (0850 GMT); Francesca Zarri from Eni
 ENI.MI  "Energy to come" (1035 GMT).
    Mantua, Symbola continues 21st summer seminar "Cohesion is
competition; the strength of territories in the green
transition" (0730 GMT); ends on June 24. On Friday expected
attendees include at panel "Italy must be Italy" Intesa Sanpaolo
 ISP.MI  Chairman Gian Maria Gros-Pietro delivers introductory
remarks, Unioncamere Secretary General Giuseppe Tripoli presents
report "Cohesion is competition" (0730 GMT); at panel "Energy
communities" Elettricita Futura President Agostino Re
Rebaudengo, Environment and Energy Security Minister Gilberto
Pichetto Fratin delivers closing address (1230 GMT); at panel
"Innovating policies and instruments; utilities and the circular
economy" Utilitalia Director General Giordano Colarullo, Iren
 IREE.MI  Chairman Luca Dal Fabbro, A2A  A2.MI  Vice President
Giovanni Comboni, Hera  HRA.MI  CEO Orazio Iacono (1500 GMT).
    Rapallo, business lobby Confindustria Youth Section starts
52nd edition of its annual meeting "New Frontier. Direction 5.0"
(0800 GMT); ends on June 24. On Friday Confindustria Youth
Section President Riccardo Di Stefano delivers opening address
(0800 GMT); expected attendees include Industry Minister Adolfo
Urso (0835 GMT); EY Italian CEO Massimo Antonelli (0850 GMT); 5
Star Movement leader Giuseppe Conte (0900 GMT); at panel
"Compete with zero impact" state-backed lender Cassa Depositi e
Prestiti (CDP) unit Simest CEO Regina Corradini D'Arienzo, MAPEI
CEO Veronica Squinzi (0910 GMT); Azione party President Mara
Carfagna (0930 GMT); at panel "Green revolution" A2A  A2.MI  CEO
Renato Mazzoncini (0940 GMT); PD party leader Elly Schlein (1030
GMT); at panel "Well done!" Herno President Claudio Marenzi
(1040 GMT); European Affairs, South and PNRR Minister Raffaele
Fitto (1110 GMT).
    Trieste, Industry Minister Adolfo Urso attends inauguration
ceremony of new BAT plant (1100 GMT).
    Vercelli, Iren  IREE.MI  holds inauguration ceremony of wood
regeneration plant (0745); Iren chairman Luca Dal Fabbro
delivers welcome address (0800 GMT); Iren Environment unit CEO
Eugenio Bertolini gives speech (0815 GMT); Environment and
Energy Security Minister Gilberto Pichetto Fratin delivers
closing address (0845 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/ 


($1 = 0.9129 euros)