March 21, 2019 / 5:01 AM / 3 months ago

Italy - Factors to watch on March 21

MILANO, March 21 (Reuters) - The following factors could affect Italian markets on Thursday.

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 .

POLITICS

The Italian parliament on Wednesday blocked prosecutors from pursuing an investigation into Deputy Prime Minister Matteo Salvini for abuse of power and kidnapping migrants.

DEBT

Treasury announces sale of CTZ and BTPei bonds, with relative amounts to be auctioned on March 26.

COMPANIES

Milan, Italian Stock Exchange ends “STAR Conference”.

TIM, INWIT

U.S. bank JPMorgan held 4.858 percent potential stake in the Italian telecoms group as of March 13, with voting rights for 0.381 percent. (*) The group could consider selling its stake in Brazilian unit TIM Participacoes and reducing its shareholding in telecom masts group INWIT to reduce its debt, TIM CEO Luigi Gubitosi told investors at a Citi event in Paris this week according to Il Messaggero.

The former monopolist is working on a possible combination with Open Fiber as the favoured option for its fixed-line network, Gubitosi was also quoted as saying by various newspapers. (*) ESSILORLUXOTTICA

Infighting at the top of EssilorLuxottica turned personal on Wednesday with the top shareholder and executive chairman Leonardo Del Vecchio accusing the Franco-Italian group’s executive vice chairman of a power grab in a newspaper interview.

BANCA MONTE DEI PASCHI DI SIENA

The European Central Bank in January launched an audit to assess and manage the Italian lender’s operating and legal risks, according to the bank’s annual report.

UBI BANCA

Italian lender signed a memorandum of understanding with China’s Sumec International Technology to offer financial support to the export of Italian goods, services and facilities to China.

(*) UBI BANCA <UBI.MI, BANCO BPM, POPOLARE DI SONDRIO, CREVAL

Among payments group NEXI’s banking shareholders, the four former cooperative banks are the most inclined to sell their respective stakes in NEXI’s upcoming initial public offering, MF reported.

(*) ALITALIA, ATLANTIA, FINCANTIERI

The CEO of Delta Air Lines has flown to China to discuss with China Eastern the possibility that the Chinese carrier could take part in the rescue of troubled Italian airline Alitalia, La Stampa reported.

According to the newspaper, motorway operator Atlantia and shipbuilder Fincantieri could also be involved in the Alitalia rescue, which is spearheaded by railways group Ferrovie dello Stato.

ASSICURAZIONI GENERALI

French lender Societe Generale held a 4.55 percent potential stake in the Italian insurer as of March 15. The stake, which includes voting rights for 0.348 percent, compares with a potential 4.98 percent stake held as of March 11.

EL.EN.

The Italian laser equipment maker has attracted interest from investment funds but its current owners are unlikely to sell their combined stake of just under 50 percent, the company’s general manager told Reuters on Wednesday.

ASTM, SIAS

The two motorway operators said on Wednesday have postponed the approval of their draft 2018 financial statements to March 27 to further evaluate events related to a probe carried out by the Federal Prosecutor’s Office of Parana State against two former managers of Brazil’s company Ecorodovias.

A2A, ASCOPIAVE

A2A, AIM Vicenza and AGSM Verona said on Wednesday they are studying a joint acquisition of some gas and energy assets of Ascopiave.

D’AMICO INTERNATIONAL SHIPPING

The company said planned right issue to be launched on March 25 and end on April 16. The issuance price of the new shares was set to 0.075 euros/share with an exchange ratio of ten new shares every 11 existing shares.

BB BIOTECH

Annual general meeting (1400 GMT in Schaffhausen).

TERNA

Strategy presentation.

ENEL

Board meeting on FY results, followed by conference call.

Board meetings on FY results: BANCA INTERMOBILIARE (published on Feb. 8), CLASS EDITORI, COMPAGNIA IMMOBILIARE AZIONARIA, ENERVIT, ITALIAN WINE BRANDS, NB AURORA SA SICAF-RAIF, ORSERO , SERI INDUSTRIAL.

DIARY

Matera, Deputy Prime Minister and Interior Minister Matteo Salvini visits the city, European capital of culture (1700 GMT).

Rome, conference at LUISS University on corporate governance in public companies with Treasury Department Director General Alessandro Rivera, Banca Monte dei Paschi di Siena Chairwoman Stefania Bariatti, Acea Chairwoman Michaela Castelli (1300 GMT).

Genoa, Banca Cesare Ponti opens headquarters in Genoa and presents project for Private Banking and Wealth Management with Chairman Cesare Ponti, CEO Maurizio Zancanaro, Banca Carige temporary administrator Fabio Innocenzi (1315 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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