Italian Stocks - Factors to watch on July 14

MILAN, July 14 (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 (*).
* EDISON (EDN.MI)

The utility will sign a memorandum of understanding for a
new pipeline between Greece and Bulgaria on Tuesday with
Greece's state gas company Depa and Bulgaria's Beh, MF reported.
The pipeline will form part of the ITGI network and investments
total 120 million euros, with possibility for access to another
45 million euros in European Union funds, it said. MF quoted the
head of international activities for Edison in its story.

ENEL (ENEI.MI)

Rating agency S&P has removed Enel from creditwatch
negative, saying the utility has materially reduced refinacing
risk and improved liquidity after raising 8 billion euros in
equity. [ID:nWNA8896]

UNICREDIT (CRDI.MI)

Deputy Chief Executive Sergio Ermotti, the head of
UniCredit's investment banking unit, told Germany's Handelsblatt
newspaper that the bank would reintroduce bonuses for its
investment bankers this year, Ansa news agency reported late on
Monday. The first half of 2009 "went well" for the investment
bank unit, he said.

* TENARIS (TENR.MI)

The oil industry pipe maker will cut output and temporarily
lay off more than 2,000 workers because of the economic crisis,
MF said without citing sources.

ASSICURAZIONI GENERALI (GASI.MI)

The insurer's shareholders hold extraordinary general
meeting to approve acquisition of unit Alleanza Assicurazioni
(ALZI.MI).

SMALL AND MID CAPS

SAFILO (SFLG.MI)

Nicolas Berggruen, head of the Berggruen Holding investment
group, said in an interview with Il Sole 24 Ore that the group
had sent two letters to the eyewear maker proposing an alliance.
However, Safilo appears to not be considering the offer.
Berggruen said he had proposed a merger betweeen his FGX
International unit and Safilo and his firm was prepared to
inject capital into Safilo. He gave no financial details on the
offer.

KINEXIA (KINX.MI)

The energy company will not go ahead with the acquisition of
Stea Divisione Energia Solare after an unsatisfactory due
diligence, the company said in a statement.

EUTELIA (EUT.MI)

The telecommunications operator has executed an agreement to
sell its Polish mobile phone unit Mobyland for 13 million euros,
the company said in a statement.

* BUZZI UNICEM (BZU.MI)

Goldman Sachs cut its target price for the cement company's
shares to 8.9 euros from 9.4 euros, rating "sell".

COMPANY RESULTS

The following companies will report results:

AICON (BW1.MI)