Italian Stocks - Factors to watch on July 10

Fri Jul 10, 2009 8:04am BST
 
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 MILAN, July 10 (Reuters) - 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 (*).
 ENI (ENI.MI)
 The oil company has declared force majeure after rebels
sabotaged oil pipelines in Nigeria, a spokesman said on
Thursday. [ID:nMAT009746]
 
 Iraq hopes to reach a decision in less than a month on the
huge Nassiriya oilfield, the country's oil minister said on
Friday. Eni is vying for the oilfield's engineering, procurement
and construction contract. [ID:nT124144]
 
 BANKS
 A government-proposed tax rules review on bad loans could be
included as an amendment in the anti-crisis decree discussed in
Italy's lower house of Parliament, Il Sole 24 Ore said. The
government is asking the country's banks to agree a voluntary
moratorium by August on companies' most pressing loans.
 
  * FIAT (FIA.MI)
 Citing rumours, Il Giornale said Fiat could reorganise its
Iveco truck and CNH (CNH.N) farm and construction equipment
maker units. It also said there were rumours of talks with U.S.
farm machinery maker Deere & Co (DE.N) for the construction arm
to be sold.
 FINMECCANICA (SIFI.MI)
 The aerospace and defence group will extend the average
expiry of its debt to 7.8 years from 6.5 years with its dollar
bond issue this week, Chief Financial Officer Alessandro Pansa
told Reuters. [ID:nL990413]
 
 EDISON (EDN.MI)
 The utility plans to launch a 500 million euro ($696
million) senior bond with a duration of five to seven years next
week, banking sources close to the operation said on Thursday.
[ID:nMAT009747]
 
  * ENEL (ENEI.MI)
 Morgan Stanley resumed coverage of Enel with an
"underweight" rating and target price of 3.3 euros.
 
  * UNIPOL (UNPI.MI)
 The insurer expects to close the first half of the year in
profit, CEO Carlo Salvatori is quoted saying in Finanza &
Mercati.
 
 SMALL AND MID-CAPS
 
  * TELECOM ITALIA MEDIA (TCM.MI)
Businessman Tarak Ben Ammar is considering an acquisition of
the Italian TV channels La7 and MTV owned by Telecom Italia
Media, La Stampa said in an unsourced report.
 Ben Ammar is seen as close to media chiefs Rupert Murdoch of
News Corp (NWSA.O) and Silvio Berlusconi, Italy's prime minister
and main owner of Mediaset (MS.MI), it said.
 
 TOSCANA FINANZA (TF.MI), BANCA IFIS (IF.MI)
 Banca Ifis has made a public buyout offer for Toscana
Finanza at 1.25 euros a share, or 38.2 mlllion euros, Ifis said
in a statement. The offer is conditioned on shareholders
representing 66.67 percent of capital agreeing to it, and those
representing 66.1 percent have done so, it said.
 
 MANAGEMENT & CAPITALI (MACA.MI)
 Tamburi Investment Partners SpA (TIP.MI) made a
cash-and-shares offer for the investment company in a
counter-bid to that made by real estate firm MI.MO.SE.
[ID:nL9161207]
 





































 

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