November 15, 2017 / 7:52 AM / 9 days ago

Italy - Factors to watch on Nov. 15

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 .

POLITICS

Taormina, G7 Equal Opportunities meeting, with Justice EU Commissioner Vera Jourovy.

ECONOMY

Bank of Italy releases September data on public finances, state borrowing and debt.

DEBT

Treasury ends offer of new ‘BTP Italia’ bond due November 2023 reserved to small investors, subject to early closure.

COMPANIES (*) TELECOM ITALIA

The auditors of TIM have contested the methods with which the TIM-Canal Plus joint venture was set up and have presented an expose to Italian market watchdog Consob, il Messagero reported. Given the importance of the deal, the auditors believe that the operation required the majority vote of the independent board members, the report added.

(*) ENEL, TELECOM ITALIA

The exit of CEO Tommaso Pompei from Open Fiber, which is controlled by Enel, was caused by a row between the CEO and the chairman of the broadband company over a possible cooperation with Telecom Italia, la Repubblica and Il Sole 24 Ore reported.

(*) MEDIASET

The majority stakeholder of Mediaset, Fininvest, said on Wednesday it would vote in favour of the governance change proposals made by the board of the Italian broadcaster.

SALVATORE FERRAGAMO

The luxury goods maker will have its work cut out in 2018, its CEO said on Tuesday after the company reported a 25 percent drop in nine-month core profits.

LEONARDO

European turboprop maker ATR said on Tuesday its new airplane orders could outpace deliveries by 50 percent in 2017. The group is jointly owned by Airbus and Leonardo.

UNIPOL, UNIPOLSAI, BANCO BPM

Italy’s Unipol UNPI.MI said on Tuesday it expected to raise 588.9 million euros ($694.25 million) from the sale of its stake in joint venture Popolare Vita, as part of an overhaul of its insurance and banking business.

(*) CREVAL

Bank of America Merrill Lynch and Citigroup are in talks with the bank to join Mediobanca in the consortium for the lender’s capital increase, Il Sole 24 Ore reported.

(*) ASTALDI

The infrastructure group aims at completing a capital strengthening plan by the first half of next year, Astaldi Chairman Paolo Astaldi was quoted as saying by Il Sole 24 Ore on Wednesday.

(*) DE LONGHI

The group said on Tuesday that the placement of 7.5 mln of its shares was completed at a price of 25 euro per share.

FIAT CHRYSLER

Tiger Global Management upped its stake in the carmaker by 18.5 percent to 24.8 million shares as of Sept. 30, 2017.

CATTOLICA ASSICURAZIONI

The insurer confirmed its 2017 forecast after posting a 9-month net profit of 21 million euros, down from 45 million euros a year ago.

ISAGRO

The group poste a 9-month revenue of 112.1 million euros and confirmed a 200 million euro revenue target for 2020.

Conference call on Q3 results (0930 GMT).

OPENJOBMETIS

CEO Rosario Rasizza attends presentation of platform ‘Shakejob’ (1030 GMT).

SALINI IMPREGILO

Board meeting on Q3 results (new orders and business trend).

IPO

Italian high-speed rail firm NTV has chosen Banca IMI, Goldman Sachs and Credit Suisse to help it prepare an initial public offering slated for early next year although no official mandate has been given yet, three sources close to the matter said.

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:...............................

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