Italy - Factors to watch on Aug. 29
29/08/2016 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 .
ECONOMY
ISTAT releases August business and consumer confidence data
(0800 GMT).
DEBT
Treasury sells 6.0 billion euros 6-month BOT bills.
Subscriptions close at 0900 GMT.
COMPANIES
Bourse After Hours market closed.
UNICREDIT CRDI.MI
Poland's PZU is confident about reaching a deal to acquire
UniCredit's Polish lender Bank Pekao by the end of October after
talks between the two companies' managements, the Financial
Times reported on Sunday, citing three people close to the
situation. The paper added PZU and UniCredit are haggling over a
price for the deal, with the Poles unwilling to pay more than 3
billion euros for UniCredit's stake in the bank and the Italians
pushing for closer to 3.5 billion.
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
The lender is studying the possibility of offering to
convert into equity 3 billion euros-worth of subordinated bonds
in the hands of institutional investors, Il Sole 24 Ore said on
Saturday. Subordinated bonds held by retail investors would not
be included, it added.
The paper added on Saturday that the proposal would be
examined by the ECB by mid-September. Monte dei Paschi could not
immediately be reached for comment.
FIAT CHRYSLER FCHA.MI
Fiat Chrysler has been approached by several suitors for its
components business Magneti Marelli, the carmaker's chief
executive said on Friday, without giving names or mentioning how
many had shown interest. urn:newsml:reuters.com:*:nL8N1B74BU
Speaking at an event in Rome on Saturday, Marchionne
reiterated that Magneti Marelli's future would be outside Fiat
Chrysler in the long term, but for the time being its expertise
was "essential" to the group's development, several papers said.
BANCA MARCHE, BANCA ETRURIA, CARIFE, CARICHIETI
Eight parties have expressed an interest in the four rescued
banks, Il Messaggero, La Repubblica and Corriere della Sera said
on Saturday. The papers cite BPER, Cariparma-Credit Agricole,
BNL-BNP Paribas, Popolare di Bari, UBI, Apollo, Lone Star and
Barents. Binding expression of interest are expected by the end
of this week, they added.
According to La Repubblica, only Apollo and Lone Star would
be willing to bid for all four banks. The paper adds that UBI
and Cariparma are interested in Carife, BPER is looking at Banca
Marche and Etruria, while Popolare di Bari is considering
Carichieti. Etruria is also of interest to Barents.
La Stampa said Apollo, Lone Star and Barents were mainly
interested in the insurance units of Banca Etruria.
MEDIASET MS.MI , VIVENDI VIV.PA
Abu Dhabi funds could buy up to 25 percent of Mediaset's
Premium unit, Repubblica said in an unsourced report on
Saturday, as the Italian broadcaster and France's Vivendi
continue to throw punches over their disputed pay-TV deal.
ENI ENI.MI
ENI expects to restart oil production at its Goliat platform
in the Barents Sea off Norway within days after it was shut on
Friday, a spokesman said on Sunday. urn:newsml:reuters.com:*:nL8N1B90R9
GENERALI GASI.MI , UNIPOLSAI US.MI
The powerful earthquake that struck central Italy on
Wednesday will not generate heavy losses for insurers, raising
again the question of compulsory insurance in one of Europe's
most disaster-impacted countries, experts said. urn:newsml:reuters.com:*:nL8N1B654U
EXOR EXOR.MI
Board meeting on H1 results.
BANCA POPOLARE DI VICENZA
The unlisted lender is working on cleaning up its balance
sheet, including via higher loan loss provisions, Il Sole 24 Ore
said on Saturday citing market sources, adding that the measures
could result in a first-half loss of more than 500 million
euros.
ITALCEMENTI ITAI.MI
HeidelbergCement France mandatory takeover bid on
Italcementi shares starts; ends on Sept 30.
IMMSI IMSI.MI
Board meeting on H1 results.
ALERION CLEAN POWER ARN.MI
FRI-EL Green Power SpA said on Sunday its board had decided
to launch a public offer for 29.9 percent of Alerion Clean
Power, offering 1.9 euros per share for a total sum of 24.8
million euros.
((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/
Keywords: ITALY FACTORS/AUG. 29