Italian Stocks - Factors to watch on Aug 4
MILAN, Aug 4 (Reuters) - 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 (*).
INTESA SANPAOLO (ISP.MI)
BNP Paribas (BNPP.PA) said it would buy majority control of
Findomestic, its consumer credit venture with Intesa Sanpaolo,
taking an extra 25 percent for 625 million euros. [ID:nWEA4313]
Intesa Sanpaolo said the sale of 25 percent of Findomestic could add 13 basis points to Core Tier 1 this year and have further benefits of up to 14 basis points. [ID:nMAT009857]
UNICREDIT (CRDI.MI)
The bank, Italy's biggest by market value, will report quarterly results in the afternoon. A conference call is scheduled for 1500 GMT. For a preview double click on [ID:nLR580965]
* Its Polish unit Pekao BAPE.WA turned in a second quarter net profit of 613 million zlotys, compared with 501 million zlotys expected as the average in a Reuters poll. [ID:nWAR008607]
ENEL (ENEI.MI)
The power company will sell a 49 percent stake in Green Power renewables unit in two stages, an informed source said on Monday. [ID:nMAT009854]
TELECOM ITALIA (TLIT.MI)
The company's Brazilian mobile unit, TIM Participacoes (TSU.N) (TCSL3.SA), turned in a second-quarter net loss of 15.2 million reais, compared with a loss of 66.3 million reais a year earlier. [ID:nN03309103]
* ENI (ENI.MI)
RBS cut its price target on the share to 20 euros from 23.7 euros.
SAIPEM (SPMI.MI)
JP Morgan raised its rating on the stock to neutral from underweight and upped its price target to 21 euros from 14 euros.
FIAT (FIA.MI)
Italy's Transport Ministry said new car registrations were up 6.16 percent in July. Those for Fiat's three brands were up 11.1 percent at 204,905 units. [ID:nL392620]
* UNIPOL (UNPI.MI)
Banco Santander (SAN.MC) has identified Unipol's unit UGF
Banca as a possible target to acquire, MF said in an unsourced
report adding Unipol sees the banking unit as strategic.
Unipol was not immediately available to comment
* JP Morgan cut its price target on Unipol to 0.79 euros, from 0.85 euros, with an "underweight" rating.
EDISON (EDN.MI)
The power company expects the first commissioning cargo for its Adriatic liquefied natural gas import terminal to arrive this week, an Edison spokesman said. [ID:nL3153948]
* MARIELLA BURANI (MBFG.MI)
An inquiry has been opened into possible market-rigging and false accounting at the fashion group, La Repubblica reported in an unsourced report. The company was not immediately available for comment.
SOCOTHERM (SCTM.MI)
The company's board said it would put together a restructuring plan in the framework of a pre-insolvency procedure to help manage its debts. It will also sell its stake in Malaysia's PPSCIH for 15.5 million euros to Wasco Coatings Limited.
The stock market suspended shares in Socotherm indefinitely.
PRADA
Qatar Investment Authority is interested in acquiring a stake of 30 percent in Prada as part of a partnership with the fashion house, according to Il Sole 24 Ore in a report quoting banking sources.
* ITALCEMENTI (ITAI.MI)
Deutsche Bank raised its rating on the stock to hold from sell.
COMPANY RESULTS
The following companies are also among those reporting results:
MAIRE TECNIMONT (MTCM.MI)
FONDIARIA-SAI (FOSA.MI)
ATLANTIA (ATL.MI)
SAFILO GROUP (SFLG.MI)
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