Italian Stocks - Factors to watch on April 28

MILAN, April 28 (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 (*).

FIAT
The automaker considers Chrysler's [CBS.UL] new contract
with the Canadian Auto Workers union to be cost competitive,
Canada's Industry Minister Tony Clement said on Monday, helping
to pave the way for a partnership between Fiat and the ailing
U.S. automaker. [nN272289]

Representatives of Chrysler union workers voted to recommend
members ratify cost-cutting changes, the Wall Street Journal
reported. [nWEN7950]

The Italian company has until Thursday to clinch a deal with
Chrysler while Fiat CEO Sergio Marchionne has also shown an
interest in General Motors' German unit Opel. Analysts
see a series of scenarios. [nLR284663]

Daimler AG reached an agreement with Chrysler,
the U.S. automaker's owner Cerberus Capital Management, and the
U.S. Pension Benefit Guaranty Corp to exit its 19.9 percent
stake in the company. [nN27177782]

* Fiat is open to forging an alliance with Chrysler even if it
files for bankruptcy and goes through a process that sees some
of its assets spun off, the Financial Times said, citing people
in the company.

INTESA SANPAOLO
Major shareholder Compagnia San Paolo holds options to hike
its stake in the bank by up to 1.93 percent and reach 9.89
percent, the shareholder said in a statement. [nMAT009478]

The shareholder accord between France's Credit Agricole
and insurer Assicurazioni Generali could
expand to include the Cariparma foundation, MF reported.
Cariparma holds 1.4 percent of Intesa Sanpaolo.

UNICREDIT
Credit rating agency Moody's cut its rating on Unicredit
Bank Austria to A1/D+ from AA2/C+p,
UniCredit's board is scheduled to meet on Tuesday.

LOTTOMATICA
The gaming company should post a rise in first quarter
results on Tuesday afternoon and give more detailed guidance on
its full year expectations, analysts said. [nLR454354]

TERNA
The electricity tranmission company's rating and outlook are
unchanged by the company's announcement on April 24 that is
selling its Brazilian transmission operations, Standard & Poors
said in a statement. [nWNA2617]

A2A
Chairman of the utility's supervisory board Renzo Capra said
he has not yet received any letter from A2A's main shareholders,
the cities of Milan and Brescia, dismissing him from his post,
Capra said at a news conference on Monday.

ENEL
The energy company plans to hire 3,000 new workers over the
three year period 2009 to 2011, 60 percent in Italy, Enel said
in a statement after a meeting between its Chief Executive
Fulvio Conti and trade union leaders.

* LUXOTTICA
Morgan Stanley raised its price target on the eyewear maker
to 16.20 euros from 12.90 euros, rating "overweight".

* BANCA POPOLARE DI MILANO
The election of Massimo Ponzellini as chairman could boost
cooperation between the cooperative bank and Credit Mutuel, a
representative of the French bank said, according to Il Sole 24
Ore.

SMALL, MID-CAPS

IRIDE , ENIA
* Genoa's city council has approved the merger of Turin-Genoa
utility Iride with Enia. The Turin city council will meet on
Tuesday morning to renew debate on the deal.
Enia and Iride start shareholder meetings at 1500 GMT.

BUZZI UNICEM
The cement company has decided to freeze $300 million in
investments for its Maryneal, Texas, plant because of the
economic slowdown, MF reported.

* BULGARI
Morgan Stanley cut the jeweller's price target to 3.12 euros
from 3.90 euros, rates "equal weight".

COMPANY RESULTS, SHAREHOLDER MEETINGS
First-quarter results: Fastweb , Finmeccanica
, Lottomatica ;
Shareholder meetings: Lottomatica, Buzzi Unicem ,
Exor , Iride, Hera Saipem , RCS
MediaGroup , Gemina , Saras , Camfin
, Enia
(Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.com))

For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage)............<.PG.MI>
20 biggest losers (in percentage).............<.PL.MI>
Mibtel index.......... <.MIBTEL>
S&P/Mib index......... <.SPMIB>
Indice Mib-30......... <.MIB30>
Midex index........... <.MIDEX>
Allstars index........ <.ALLST>
Block trades.......... <.BLK.MI>
Stories on Italy......

For pan-European market data and news, click on codes in
brackets:
European Equities speed guide...................
FTSEurofirst 300 index..............................<.FTEU3>
DJ STOXX index......................................<.STOXX>
Top 10 STOXX sectors...........................<.PGL.STOXXS>
Top 10 EUROSTOXX sectors......................<.PGL.STOXXES>
Top 10 Eurofirst 300 sectors...................<.PGL.FTEU3S>
Top 25 European pct gainers.......................<.PG.PEUR>
Top 25 European pct losers........................<.PL.PEUR>

Main stock markets:
Dow Jones...............<.DJI> Wall Street report .....[.N]
Nikkei 225.............<.N225> Tokyo report............[.T]
FTSE 100...............<.FTSE> London report...........[.L]
Xetra DAX.............<.GDAXI> Frankfurt market stories[.F]
CAC-40.................<.FCHI> Paris market stories...[.PA]
World Indices.....................................<0#.INDEX>
Reuters survey of world bourse outlook.........
Western European IPO diary..........................
European Asset Allocation........................[EUR/ASSET]
Reuters News at a Glance: Equities...............[TOP/EQE]
Main currency report:...............................[FRX/]
Keywords: ITALY MARKETS/FACTORS

Keywords: ITALY MARKETS/FACTORS

Keywords: ITALY MARKETS/FACTORS

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