Italian Stocks - Factors to watch on July 13

Mon Jul 13, 2009 2:52am EDT
 
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 MILAN, July 13 (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 (*).
 
 ANTI-CRISIS MEASURES
 Italy's government, parliament as well as industry and
banking associations will discuss this week new anti-crisis
measures including fiscal incentives to bring back capital
illegally invested abroad, suspension of loan repayment by
troubled companies and raising retirement age for women, Italian
newspapers reported on Sunday.
 
 BOURSE REGULATOR CONSOB
 It holds its annual meeting on Monday with expected
attendance by Economy Minister Giulio Tremonti and various
company executives.
 
 FIAT (FIA.MI)
 Chrysler, the U.S. car maker headed by Fiat's chief
executive Sergio Marchionne, said it was no longer pursuing a
sale of its Viper business assets. Fiat owns 20 percent of
Chrysler and Marchionne wants to draw up a product slate for the
future. [ID:nWEN0462]
 Chrysler also reversed its decision to cancel a third work
shift at a U.S. plant saving 1,200 direct jobs, a union head
said. [ID:nN10531038]
 Belgian holding company RHJ International SA (RHJI.BR) is
readying an improved offer for General Motors Corp GMGMQ.PK
unit Opel that it hopes to submit this week, two sources
familiar with its plans said on Sunday. Fiat bid for Opel
earlier this year but did not continue into a second round of
talks. [ID:nLC590154]
 
 ENI (ENI.MI), IL SOLE 24 ORE (S24.MI)
 Eni and Il Sole 24 Ore are discussing merging their
respective news agencies, Agi and Radiocor, two sources close to
the operation told Reuters. [ID:LA31942]
 Eni's chemicals subsidiary Polimeri Europa had to suspend
operations at its Porto Torres cracking unit in Sardinia because
economic crisis hit demand for its output, Eni's Chief Executive
Paolo Scaroni said in a letter cited by several newspapers on
Saturday.
 
 Any curbs in the use of oil by the United States as a result
of energy saving measures will be offset by increased demand
from India and China, Scaroni said in La Repubblica on Monday.
 In an interview, Scaroni repeated comments on the recent
rise in oil prices being unjustified by fundamental factors
calling again for an international energy agency to improve
functioning of markets.
 
  * ENEL (ENEI.MI)
 France's main electricity provider EDF (EDF.PA) is
discussing swapping assets with Enel, French business newspaper
La Tribune reported on Monday. [ID:nLD694181]
 Enel declined to comment.
 Credit Suisse cut on Monday Enel's price target to 3.80
euros, from 5 euros, leaving its "neutral" rating unchanged.
 
 TELECOM ITALIA (TLIT.MI)
 Private equity firms Apax, F2i, CVC, Clessidra and
Investindustrial are competing to buy a 49 percent stake in
Telecom Italia's unit Sparkle which could fetch about 600
million euros; Telecom Italia is close to selling its Loquendo
unit to Canadian company E-Lane Systems in a deal worth 15
million euros, Il Giornale said Saturday without citing sources.


 GENERALI (GASI.MI), UNICREDIT (CRDI.MI), INTESA (ISP.MI)
 Activist hedge fund Algebris is ready to increase its stake
in Italy's biggest insurer if "things changed", Algebris founder
Davide Serra, who has criticised Generali's governance in the
past, told Il Sole 24 Ore in an interview on Sunday; Serra said
his fund has raised stakes in Italian banks UniCredit and Intesa
Sanpaolo, but declined to give details.
 
 MEDIOLANUM (MED.MI)
 The asset manager is looking around to buy a small or
medium-size network which would fit its commitment to stay close
to local business and families, Mediolanum's founder and core
shareholder Ennio Doris told Milano Finanza in an interview
published on Saturday. 
 
 BANCO POPOLARE (BAPO.MI), ITALEASE (BIL.MI)
 Banco Popolare is considering a capital increase of 1.0-1.2
billion euros for its unit Italease once the bank completes a
buyout offer for Italease, La Stampa reported on Saturday citing
financial sources. 
 Banco Popolare may split Italease into bad and good company
and inject funds into the good company, Milano Finanza said on
Saturday without citing its sources. 
 
  * CARIPARMA-FRIULADRIA
 At June 30, the group of Credit Agricole (CAGR.PA) expects
results showing it will be above its own targets but profits
will be below last year's, CEO Guido Corradi told La Repubblica
on Monday. It is aiming for 1,000 branches in Italy.
 
 SMALL AND MID-CAPS
 
 GRUPPO COIN (GCN.MI)
 The summer sales season started "well enough" for the
department store chain, CEO Stefano Beraldo is quoted saying in
Monday's Repubblica, adding there will be growth in the first
half of the year compared to last year. For 2009, forecasts eye
growth in core and net profit while debt should fall, he said.
 
 ANSALDO STS (STS.MI)
 Ansaldo's order intake can reach 1.6 billion euros in 2009,
23 percent up from last year and better than a 1.3-1.5 billion
euro range forecast in March, Il Sole 24 Ore said on Sunday in
its "Letter to the Investor" page.
 





































 

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