November 21, 2018 / 5:02 AM / 21 days ago

Italy - Factors to watch on Nov. 21

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

Chamber of Deputies holds ‘question time’ with Economy Minister Giovanni Tria (1400 GMT).

DEBT

Treasury ends retail offer of new four-year ‘BTP Italia’ bond.

Italian savers took up 722.7 million euros ($823 million) of the latest ‘BTP Italia’ bond between Monday and Tuesday, in stark contrast with purchases worth 3.7 billion euros after two days of offer of a similar bond sold in May.

The cold reception reserved to the latest ‘BTP Italia’ bond by ordinary Italians is “something to think about,” Regional Affairs Undersecretary Stefano Buffagni said on Tuesday.

COMPANIES (*) GENERALI

The insurer plans to improve its dividend policy in its new plan to 2021 as it looks to boost its business in Europe and focus on high potential insurance markets.

(*) UNICREDIT

UniCredit declined to comment on a newspaper report on Wednesday it is studying a plan to split its domestic and foreign operations to protect shareholders from Italy-related risk.

(*) TELECOM ITALIA

The group’s new CEO is already working on the 2019 budget which will be presented in the first few months of next year. Il Sole 24 Ore said.

BANCA CARIGE

The Italian regional bank said on Tuesday its board had called a shareholder meeting on Dec. 22 to approve a cash call for up to 400 million euros. The bank will also propose an optional savings share conversion and a reverse stock split at the meeting.

GENERALI GROUP

Presents new business plan

BANCA GENERALI

The Italian asset manager will invest in a new BTP Italia bond which is being offered this week, CEO Gian Maria Mossa told Reuters.

Mossa also said the acquisition of Nextam Partners would be closed in the first quarter of 2019 and could cost Banca Generali up to 25.5 million euros.

BANCA MONTE DEI PASCHI DI SIENA

The Tuscan bank said on Tuesday it had completed a tender offer on asset-backed notes issued by the Casaforte vehicle.

CELLULARLINE

Ordinary shareholders’ meeting (0830 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:...............................

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