March 18, 2019 / 5:00 AM / 3 months ago

Italy - Factors to watch on March 18

MILANO, March 18 (Reuters) - 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 .

DEBT

Late on Friday, rating agency Moody’s left unchanged its ‘Baa3’ rating on the Italian sovereign debt with a stable outlook after a one-notch downgrade last October.

TELECOM ITALIA

Top shareholder Vivendi has urged Italian market watchdog Consob and TIM’s auditors to further investigate what it called governance issues at the Italian group.

Open Fiber Chairman Franco Bassanini on Saturday denied that he could be proposed as chairman of TIM to resolve a dispute among the phone group’s top shareholders, following a report in Il Sole-24 Ore daily on Saturday about his possible appointment.

State lender CDP, which owns half of Open Fiber and has a stake of just under 10 percent in TIM, has a series of talks tabled with stakeholders including Vivendi providing they agree to the idea of a single network, Il Messaggero said on Sunday.

INTESA SANPAOLO

Italy’s biggest retail bank denied on Friday that it was in contact with Russia’s Gazprom about a possible investment in the Nord Stream 2 pipeline.

SAIPEM

The Italian oil services company is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros, six sources told Reuters.

ATLANTIA, LEONARDO, FINCANTIERI

A series of companies have seen the books of Alitalia in recent weeks to decide whether to invest in the troubled flagship carrier as financial partners, Corriere della Sera said on Sunday. The groups include Atlantia, Fincantieri, Leonardo and state lender CDP fund 4R. But the head of Atlantia’s Italian unit ASPI said he was not interested, the paper said.

The paper cited two sources as saying Delta was mulling investing 100 million euros in Alitalia as an industrial partner and then slowly increasing its stake as targets are met.

(*) Delta has agreed to buy 10 percent of Alitalia initially, with a pledge to double that stake within four years if targets set in the carrier’s business plan are fulfilled, Il Messaggero said on Monday. State railway company Ferrovie dello Stato would increase its stake in Alitalia to 40 percent, the paper said, adding that Fincantieri was willing to take a 10-15 percent holding.

(*) MEDIASET

CEO Pier Silvio Berlusconi said in an interview with Corriere della Sera daily that the group aimed to grow abroad and become the only pan-European free-to-air broadcaster. He said the company was “talking to everyone” and, talking about the timeframe for a possible deal, said “the sooner the better.”

UBI BANCA

The main shareholders of the bank that hold 22 percent of its capital said they had proposed current CEO Victor Massiah for reappointment at the bank’s April shareholder meeting that will name a new single board to replace its present dual board structure. Vice chairman candidate is former UniCredit manager Roberto Nicastro.

(*) ATLANTIA <ATL.MI

Chief Executive Giovanni Castellucci, asked whether the company was interested in the privatisation of the operator of Paris airports, told Corriere della Sera’s L’Economia supplement on Monday that it was a complex project and the timeframe of the transaction was unpredictable, “but we are looking at it with attention.”

SALINI IMPREGILO

The Italian construction group said on Friday it booked an impairment of 165.5 million euros linked to Venezuela business in 2018.

DAMIANI

Leading Jewels, a investment vehicle of the Damiani family, said on Friday it holds 96.8 percent of the jewellery group at the end of the voluntary offer and will delist the company.

HERA, BREMBO

Utility Hera replaces Brembo in the Milan’s blue-chip FTSE MIB index as of Monday.

BIALETTI INDUSTRIE

Board meeting to call annual general meeting.

SAES GETTERS

Ordinary sharehodlers’ meeting (0930 GMT).

STMICROELECTRONICS

Trades ex-dividend of 0.06 U.S. dollars per share as quarterly dividend.

WIIT

Annual general meeting (1330 GMT).

Board meetings on FY results: B&C SPEAKERS, DIGITAL MAGICS (0900 GMT), MOLMED, POLIGRAFICI PRINTING, RCS MEDIAGROUP, RENO DE MEDICI , TELESIA, TRIBOO, ZUCCHI GROUP .

DIARY

Rome, market regulator Consob holds conference on “Corporate Governance of Italian Listed Companies” with con Economy Ministry Undersecretary Laura Castelli (0830 GMT).

Milan, news conference on projects to support small- and medium-sized companies with Muzinich & Co. founder, President and CEO George Muzinich, Milan Stock Exchange CEO Raffaele Jerusalmi, Elite CEO Luca Peyrano (1030 GMT); followed by conference on “Capital Markets and Companies: Finance for Growth” (1330 GMT).

Milan, Intesa Sanpaolo Chairman Gian Maria Gros-Pietro attends news conference to present “6th Edition of Festival of Creative Culture” (1000 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below