April 3, 2019 / 4:03 AM / 5 months ago

Italy - Factors to watch on April 3

MILANO, April 3 (Reuters) - The following factors could affect Italian markets on Wednesday.

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 .

ECONOMY

HIS Markit releases March service Pmi data (0745 GMT).

ISTAT releases Q4 deficit/GDP ratio data (0800 GMT).

Scope Ratings holds analyst conference call on Italy’s credit outlook (1230 GMT).

BANCA CARIGE

U.S. fund Varde Partners has pulled out of the bidding for troubled Italian bank, a source said on Tuesday, leaving a specialist fund run by BlackRock as the only potential buyer still known to be considering a bid. (*) BlackRock is in talks with Carige’s top shareholder Malacalza Investimenti over investing into the bank’s planned cash call, MF said. The asset manager also wants Italian banks to convert into equity a 320-million-euro hybrid bond they bought from Carige, the newspaper said.

(*) UNICREDIT

The lender is nearing an agreement with U.S. authorities over allegations that the bank provided dollar-clearing services to Iranian clients in violation of U.S. sanctions, Bloomberg reported citing people with the knowledge of the matter.

The deal would cost the Italian lender about $900 million but spare it from criminal prosecution, according to Bloomberg.

(*) MONTE DEI PASCHI

The lender plans to sell a 600-million-euro portfolio of loans granted to agricultural companies that have turned sour, MF said.

The banks is in talks to restructure the 160 million euro debt of its Sansedoni real estate unit, Il Sole 24 Ore said, adding it planned to split the part of the unit that provides real estate services and was in talks with investors over selling a majority stake in it.

(*) SALINI IMPREGILO

The Italian builder said on Wednesday it had acquired from Condotte d’Acqua a 63.5 percent stake in Cossi Costruzioni to boost its presence in the tunnelling sector, especially in Switzerland.

(*) ENI, POSTE ITALIANE, ENEL, LEONARDO

The government is studying the possibility to slightly reduce the stakes it owns in some listed companies to bag privatisation proceeds, MF said.

(*) ATLANTIA, SIAS

The Italian motorway operators on Tuesday criticized a proposal by the Transport Authority to revise road tolls.

(*) MASSIMO ZANETTI

The coffee maker has agreed to buy the coffee distributor that serves holiday resorts based in the Maldives islands, it said on Tuesday.

GENERALI - The Italian insurer top investor Mediobanca said it had submitted a slate of candidates for the renewal of the board, proposing to confirm current Chief Executive Philippe Donnet and Chairman Gabriele Galateri in their jobs. (*) Barclays cut the target price to 15 euros from 15.5 euros. (*) ANIMA HOLDINGS

Citigroup cut its rating on the company to “neutral” and reduced the target price to 4 euros.

BANKS

Fitch Ratings has assigned long-term deposit ratings to sixteen banks based in Italy.

MEDIOBANCA

Moody’s assigned a ‘Baa1’ senior unsecured rating to the Italian financial group with a ‘stable’ outlook

MEDIASET

The Italian broadcaster is still studying a possible cross-border deal, “but it’s not just up to us”, Chairman Fedele Confalonieri said on Tuesday.

A European project for Mediaset still makes sense, he added.

SAFILO

The Italian eyewear maker said it had received expressions of interest for its U.S. retail chain Solstice and expected to sell the asset by the end of 2019.

BOMI ITALIA

The Italian biomedical logistic group said its board considered “fair” a price of 4 euros/share proposed by the private equity fund ArchiMed for the takeover bid on the company announced on March 1.

A2A

Board meeting on FY results (preliminary results on Feb. 26), followed by conference call also on 2019-2023 strategic plan (1500 GMT).

BANCA INTERMOBILIARE

Board meeting on FY results.

ALITALIA

The Italian state-owned railways group has asked government to delay a deadline to present a binding offer for the Italian troubled carrier until end-May, two sources close to the matter said on Tuesday.

DIARY

Rome, Deputy Prime Minister and Industry Minister Luigi Di Maio speaks before parliamentary committee for security COPASIR (1000 GMT).

Milan, conference on “Milan as Capital of Capitals for Small- and Medium-Sized Companies” European Investment Bank Deputy Chairman Dario Scannapieco, Tamburi Investment Partners Chairman and CEO Giovanni Tamburi (0730 GMT).

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:............................... (Reporting By Viviana Venturi)

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