Italy - Factors to watch on July 7

Mon Jul 7, 2014 2:27am EDT

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 (*).

ECONOMY

Italy will settle the debt arrears it owes to private sector suppliers by the end of this year, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday, pushing back previous commitments.

Bank of Italy releases June data on European Central Bank funding to Italian banks.

DEBT

Treasury announces sale of BOT bills, with relative amounts to be auctioned on July 10.

COMPANIES

ENI, ENEL

The government is considering accelerating the sale of stakes in Eni and Enel in order to keep the revenues from its privatisation plans on track, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday.

Il Messaggero said on Saturday in an unsourced report the treasury is ready to cut its Eni stake to below 30 percent and may decide to sell 5-7 percent on the market soon, perhaps already in September. Contacted by Reuters a treasury spokesman declined to comment on the report.

MEDIASET

* Spanish telecoms group Telefonica has agreed to buy 11.1 percent of Italian broadcaster Mediaset's pay-TV business Mediaset Premium for 100 million euros ($136 million), Mediaset said in a statement on Monday.

Telefonica agreed on Friday to buy the 22 percent stake held by Mediaset in Spanish pay-TV firm Canal + in a deal worth up to 365 million euros.

SALINI IMPREGILO

* Italian builder Salini Impregilo said on Monday it and the construction consortium STRABAG had been provisionally awarded a 300 million euro ($408.45 million) contract to build an underpass under the Isarco River, part of the railway Brennel Tunnel project.

INTESASANPAOLO, UNICREDIT

* Banks in Hungary will have to convert foreign currency mortgages into forints in December, a ruling party lawmaker said late on Saturday, adding that the government could offer to share some of their exchange rate losses.

* According to Corriere della Sera on Saturday, the two banks are close to seal a deal with U.S. fund KKR for a joint-venture on restructured loans.

ENEL

The power utility has appointed Deutsche Bank and BNP Paribas to advise on the sale of the controlling stake it holds in Slovakian generating firm Slovenske Elektrarne, an Enel spokeswoman said on Saturday, confirming a report in the Italian newspaper Il Sole 24 Ore.

SNAM TERNA

State-backed fund Cassa Depositi e Prestiti (CDP) expects to finalise talks to sell a stake in the vehicle controlling 30 percent of Snam and Terna by August, its CEO Giovanni Gorno Tempini was quoted as saying by Il Sole 24 Ore on Saturday. The newspaper said State Grid Corporation of China and Australia's Ifm Investors are in the running.

MONTE DEI PASCHI DI SIENA

Chairman Alessandro Profumo said in a Corriere della Sera interview on Sunday the bank was now a totally private company and its investors ought to be remunerated following its 5 billion euro rights issue. He said there will more information on new shareholders this week.

* MITTEL

Carlo Tassara has sold its stake in Monte dei Paschi and is in talks to sell a 15.44 percent stake in financial holding Mittel to Wedge Private Capital, Il Sole 24 Ore said on Sunday.

BANCA IFIS

The company has purchased a portfolio of consumer credit non-performing loans from the sector worth a nominal value of 1.26 billion euro, made up of 120.000 debt positions belonging to Italian families.

MEDIOBANCA

Mediobanca said on Friday that the ratio of its best-quality capital set against risky assets - a measure of financial strength - was 10.9 percent.

French financier Vincent Bollore has increased his stake in Mediobanca to 6.46 percent from 6 percent.

BANCA CARIGE

The mid-sized lender said on Friday it had raised 798.2 million euros in a rights issue, strengthening its balance sheet ahead of a European review of banking assets.

POPOLARE DI SONDRIO

The bank said on Friday its capital increase had been 99.76 percent subscribed, raising 342.4 million euros.

PRYSMIAN

The cable maker said on Friday it had most likely lost 28 million euros worth of power cables in the Mediterranean after the barge transporting them capsized.

SEAT PAGINE GIALLE

Holds bond holders' meetings (1230 GMT, 1330 GMT, 1430 GMT).

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