Italy - Factors to watch on Dec. 6
06/12/2021 05:00
The following factors could affect Italian markets on Monday.
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 .
GENERAL
Italy reported 43 coronavirus-related deaths on Sunday
compared to 75 the day before, the health ministry said, while
the daily tally of new reported infections fell to 15,021 from
16,632. urn:newsml:reuters.com:*:nL1N2SQ0AT
ECONOMY
Fitch upgraded Italy's rating to "BBB" from "BBB-" on
Friday, as it expects the country's economy to grow after
reopening from the COVID-19-led pandemic lockdowns. urn:newsml:reuters.com:*:nL4N2SO3TW
ISTAT releases October retail sales data (0900 GMT).
COMPANIES
TELECOM ITALIA TLIT.MI
Telecom Italia is moving closer to picking banks to advise
it on a buyout offer approach from U.S. private equity group
KKR, two sources said on Saturday. urn:newsml:reuters.com:*:nL1N2SP069
Telecom Italia's (TIM) top shareholder Vivendi VIV.PA is
open to discussing the possibility that the Italian government
wins control of TIM's fixed-line network, a spokesperson for the
French company said on Sunday. urn:newsml:reuters.com:*:nL8N2SQ04A
The Italian government thinks that KKR's proposal for TIM is
far from the company's real value, Il Messaggero reported on
Sunday, adding that Rome would welcome a collaboration between
Vivendi and CDP. The top executives of Vivendi and CDP met last
week, finding points of convergence on strategies for the
re-launch of TIM outside of KKR's takeover plan, it added. CDP
and Vivendi are expected to meet again to discuss an alternative
plan to KKR, the newspaper said.
UNICREDIT CRDI.MI
UniCredit’s German arm is set to take a significant portion
of the around 3,000 voluntary redundancies expected under the
Italian bank’s new business plan, a person close to the matter
said. urn:newsml:reuters.com:*:nL8N2SO4MU
The European Banking Authority (EBA) published its
"transparency exercise" for the year, which provides 10,000 data
points on 120 banks in the European Union, including UniCredit
CRD.MI . urn:newsml:reuters.com:*:nL8N2SO4CC urn:newsml:reuters.com:*:nBIADrx47
GENERALI GASI.MI , BANCA GENERALI BGN.MI
The shareholder pact made up of Italian businessmen
Francesco Gaetano Caltagirone and Leonardo Del Vecchio together
with banking foundation Fondazione CRT has taken its overall
stake in Generali to more than 15% after CRT raised its
investment, Generali said on Saturday.
The pact is putting together a business plan it will unveil
soon after the insurer presents its own plan, Il Sole 24 Ore
said on Saturday. The plan will revolve around development of
the asset management business of Banca Generali as well as
organic and external growth.
Francesco Gaetano Caltagirone believes that Mediobanca's
MDBI.MI has hindered the insurance's growth, La Stampa
reported on Sunday. The alternative plan that Caltagirone and
its partners are due to present will be based on digital
development and investments in the asset management business and
Banca Generali BGN.MI , with the possibility to engage in M&A.
MAIRE TECNIMONT MTCM.MI
The Italian group has signed three EPC contracts worth in
total $3.5 billion with Abu Dhabi Polymers Company Ltd(Borouge).
The completion of the contract is expected by 2025, the group
said on Sunday. urn:newsml:reuters.com:*:nFWN2SP05O
AUTOGRILL AGL.MI
Autogrill said on Friday it had completed the refinancing of
the group's debt through the early repayment of both the
financing contract backed by SACE's guarantee and the bank loan
and the two bonds in place for its HMSHost unit. The group also
signed the closing of a 1 billion euro financing that it had
recently negotiated with a pool of banks. The refinancing allows
the group to extend to 4.5 years the average maturity of its
debt as of 31 December 2021 and removes a series of constrains
and limitations to the group's operations. urn:newsml:reuters.com:*:nNDLc0LFnr
ENEL ENEI.MI
Enel said on Friday it had completes the sale of its 50%
stake in Open Fiber for around 2.73 billion euros, posting a
capital gain of some 1.76 billion euros with a positive effect
on its net debt to the tune of 2.42 billion euros. urn:newsml:reuters.com:*:nFWN2SO10F
EDISON EDNn.MI
Credit Agricole Assurances has agreed to buy a 49% stake in
the renewables business of Italian energy group Edison in a deal
valuing the unit at more than 2 billion euros. urn:newsml:reuters.com:*:nL1N2SO26W
BANCO BPM BAMI.MI , UNICREDIT CRDI.MI , INTESA SANPAOLO
ISP.MI
The three banks are part of a pool of banks providing a
committed credit line for fast fiber infrastructure group Open
Fiber to the tune of 7.175 billion euros, Open Fiber said on
Friday.
MEDIOBANCA MDBI.MI
Mediobanca said on Friday it would start a buy-back of up to
25.9 million shares as of Dec. 6. urn:newsml:reuters.com:*:nFWN2SO10L
ATLANTIA ATL.MI
The shareholders of Italian infrastructure group Atlantia on
Friday approved a share buy-back of up to 2 billion euros ($2.26
billion), the group said in a statement. urn:newsml:reuters.com:*:nL8N2SO30R
Bourse After Hours market closed.
BANCA INTERMOBILIARE BIM.MI
Starts capital increase; ends on Dec. 20.
DIARY
Rome, state broadcaster RAI holds news conference to present
docu-series "Digital Resurgence Stories" with CEO Carlo Fuortes,
Telecom Italia TLIT.MI (TIM) Chairman Salvatore Rossi (1100
GMT).
Rome, Atreju 2021 annual event starts (1330 GMT); ends on
Dec. 12. On Monday debate on "Work in progress. The employment
question in Italy, at the crossroads of production and
solidarity" with Industry Minister Giancarlo Giorgetti, Foreign
Minister Luigi Di Maio; ISTAT President Gian Carlo Blangiardo
expected to attend (1645 GMT).
((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/