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Italian Stocks - Factors to watch on Feb 28
MILAN, Feb 28 (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 (*).
ASSICURAZIONI GENERALI (GASI.MI)
Board member Diego della Valle said comments made by chairman Cesare Geronzi on Saturday [ID:nLDE71P08G] were inopportune and without any logic, news agency Ansa said late on Sunday citing a note from Della Valle. Geronzi's comments on the harmony in the Generali board were not true, Della Valle said, adding there was no room for someone who is more interested in his own world and personal relations than in the company's interests.
UNICREDIT (CRDI.MI)
Italy's biggest bank UniCredit (CRDI.MI) is closely
monitoring developments with regard to its Libyan shareholders
after the U.N. Security Council imposed asset freezes on Libyan
leader Muammar Gaddafi. UniCredit is 7.5-percent-owned by Libyan
investors. [ID:nLDE71Q0K1]
INTESA SANPAOLO (ISP.MI)
Italian bank Intesa Sanpaolo (ISP.MI) intends to continue
offering a dividend under its new business plan, the chairman of
the bank's management board said on Sunday. [ID:nLDE71Q043]
Italy's antitrust regulator has asked for clarification
after comments by a Credit Agricole (CAGR.PA) executive that it
was free to sell its 4.79 percent stake in Intesa when it wants
or not at all, Il Sole 24 Ore said on Sunday. Under antitrust
rules Agricole must cut its stake under 2 percent by July 15,
2011.
BANKS
Italian banks should use profits to underpin capital bases and a turn to markets to boost capital seems inevitable, Bank of Italy chief Mario Draghi said on Saturday. [ID:nLDE71P07B]
FIAT (FIA.MI)
The carmaker presented a memorandum of understanding to the Russian industry ministry on Friday to build cars in Russia, a week after it was ousted from alliance plans. [ID:nLDE71O242]
A2A (A2.MI), EDISON EDN.MI
An agreement between France's EDF (EDF.PA) and Italian
shareholders over a reshape at Edison is close, Sunday's Il Sole
24 Ore and Corriere della Sera said, without citing sources. EDF
will be the main shareholder but A2A will keep some strategic
powers while generation assets will be broken up and A2A will
have a jv with Edison for power sales, Sole said.
MEDIOBANCA (MDBI.MI)
The Italian investment bank expects growth to continue after retail and consumer finance helped drive forecast-beating net profit in the fiscal second quarter. [ID:nLDE71N1FI]
* MEDIASET (MS.MI), RCS MEDIAGROUP (RCSM.MI)
RCS's honorary president Cesare Romiti was quoted in Il Messaggero on Monday expressing concerns about a legislative measure approved last week that would make it easier for TV broadcaster Mediaset to enter the newspaper market.
SMALL AND MID CAPS
* ACEA (ACE.MI)
The sale of a 21 percent stake by the city of Rome in the utility could be to a foundation or on the market, ACEA's Chief Executive said in an interview in Corriere della Sera on Monday, adding he was working on boosting the sale price.
* TERNIENERGIA (TRNI.MI)
The renewables company is targeting core earnings in 2013 of 28.5 million euros and sales of 195 million euros in its 2011-2013 business plan, it said on Monday adding its 2010 dividend pay-out will be 40-45 percent .
CARRARO (CARRA.MI)
The power transmission maker's 2010 net loss is expected to strongly narrow from the previous year while sales are up 47 percent to 717 million euros, it said on Friday. [ID:nBIA25ace]
RICHARD-GINORI 1735 RG9.MI
The porcelain maker is targeting a 20 percent annual growth in sales in its 2011-2013 business plan, which includes positive core earnings in 2011, it said on Friday. [ID:nBIA25b1b]
IPO
The planned IPO of Milan airport operator Sea is gathering speed with Mediobanca and Morgan Stanley in pole position as advisors, Corriere della Sera said on Sunday. In an interview with Saturday's Il Giornale Sea's chairman said the IPO will be new shares and could be June or November.
COMPANY RESULTS
The following companies will report results:
JUVENTUS FOOTBALL CLUB (JUVE.MI)
LUXOTTICA (LUX.MI)
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