MILAN, Dec 15 (Reuters) - The following factors could affect Italian markets on Tuesday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
The group has no need to find an Asian partner to match recent tie-ups by European competitors with Japanese car makers, its chairman Luca di Montezemolo told Reuters on Monday in an interview. He said the Alfa Romeo brand will not be sold under any circumstances. [ID:nTST000051]
China’s Chery Automobile denied media reports about a possible purchase of a Fiat car plant in Sicily, according to comments by Chery’s chairman in an interview published on a Chinese internet portal.[ID:nTOE5BE03F] * Fiat’s November new car registrations in EU and EFTA countries rose 27.7 percent from a year earlier with its market share rising to 8.2 percent from 8.1 percent, the ACEA European car makers association said on Tuesday.
MONTE PASCHI (BMPS.MI), INTESA SANPAOLO (ISP.MI)
Banca Monte dei Paschi di Siena has won an extension from Italy’s antitrust authority to a deadline for selling branches, even as the Siena bank agreed to sell 50 branches to Intesa Sanpaolo. [ID:nLDE5BD25F]
Intesa Sanpaolo’s supervisory and management boards meet on Tuesday and are expected to discuss Intesa’s plan for about 11 billion euros of non-core assets, Corriere della Sera said in an unsourced report. * Il Messaggero said in an unsourced report that the management board will not look at the Banca Fideuram dossier adding an IPO with a strategic partner is still planned with a decision pushed back to Jan. 12. * Morgan Stanley raised its rating on Monte Paschi to “equalweight” from “underweight”. * UNICREDIT (CRDI.MI)
The bank’s leasing unit is strengthening its activities in Europe and is looking out to expand in China and North Africa even if it is too early to talk of concrete projects, the unit’s chief Luca Lorenzi was quoted saying in MF.
The bank’s board meets on Tuesday to discuss a reorganisation plan.
* BANCO POPOLARE BAPO.MI
The bank will make a profit in 2009 and foresees a positive result in 2010, CEO Pier Francesco Saviotti told Verona newspaper Arena in an interview quoted by Finanza & Mercati.
TELECOM ITALIA (TLIT.MI)
The fixed-line telephone network is a natural monopoly and the various telecom operators in Italy must cooperate in its development, government consultant for broadband development Francesco Caio said on Monday.
The government plans to cut the amount of advertising that News Corp (NWSA.O) satellite pay-TV unit Sky Italia can broadcast to 12 percent an hour, from 18 percent, La Repubblica said citing a draft of a decree.
* Mediaset’s Spanish unit Telecinco (TL5.MC) is working on an 800-850 million euro offer for Spanish television activities belonging to Prisa (PRS.MC), MF said without citing sources.
The chief executive of the group attended the inauguration on Monday of a gas pipeline in Turkmenistan, two weeks after saying Eni was considering a gas project in the country. [ID:nLDE5BD28X]
The group is interested in taking a stake in the French new nuclear plant planned for Penly, a spokeswoman said on Monday. Enel currently has a 12.5 percent stake in the EPR being built in Flamanville. [ID:nLDE5BD1SA]
* Bank of America Merrill Lynch cut its rating on the Italian utility to “underperform” from “neutral”.
* IMPREGILO IPGI.MI
The constructor’s board decided on Monday to examine in more depth its offer for Lamaro’s Appalti’s 20 percent stake in CityLife, the 2 billion euro project to develop Milan’s old exhibition site, MF said in an unsourced report.
The company is not interested in Tiscali (TIS.MI) and is looking to grow in Italy by focusing on offering small and medium enterprises telecom services, its CEO Stefano Parisi said on Monday.
Cadbury CBRY.L chairman Roger Carr said Hershey (HSY.N) and Italy’s Ferrero had both indicated they were contemplating bids, adding serious negotiations would only start if a compelling and fully-financed offer emerged. [ID:nGEE5BA1YP]
The deadline for the government’s tax amnesty expires on Tuesday. * Funds repatriated via the amnesty could reach 115 billion euros, Libero said citing sources in the tax authorities, adding that the amnesty could be extended to the end of April.
SMALL AND MID-CAPS
* ACEA (ACE.MI)
The Rome utility’s board is due to meet Tuesday afternoon to finalise a revamp of its alliance with GDF Suez GSZ.PA after talks between the two continued late on Monday, MF said in an unsourced report.
Bank of America Merrill Lynch cuts its price target on Acea to 11 euros, from 12 euros, with a rating of “buy”.
BANCA CARIGE (CRGI.MI)
Fondazione Carige, the Genoa bank’s largest shareholder with 44 percent, has dropped plans for a written shareholder pact with France’s CNCE, which has 14.9 percent, opting for a less formal deal, Il Sole 24 Ore said.
“A handshake is enough as a sign of loyal links and reciprocal respect,” the foundation’s president Flavio Repetto was quoted saying in the paper.
IT HOLDING ITH.MI
The group’s cashmere brand Malo is said to have received two binding offers, both expiring by the end of the month, Corriere della Sera said. Citing sources close to the dossier, it said one of the offers is said to come from management — IT Holding is in administration since February and the industry ministry should approve a commissioners’ plan for it by end-year.
IL SOLE 24 ORE (S24.MI)
The publisher’s board has accepted the resignation of CEO Claudio Calabi, the company said in a statement on Monday adding the search for a successor continues.