Italian Stocks - Factors to watch on May 12

MILAN, May 12 (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 (FIA.MI)

General Motors Corp (GM.N) said it was interested in keeping
a minority stake in its restructured European operations and
plans to have a framework for a deal to sell the unit by the end
of the month. Fiat is in talks with GM to merge its car business
with GM's Opel and other assets. [ID:nL1549649]

* Chrysler's [CBS.UL] 16,000 salaried retirees will start
their fight this week for their benefits in the automaker's
bankruptcy restructuring, with the potential to create a public
relations headache for the company. [ID:nN11531748]

INTESA SANPAOLO (ISP.MI)

Italy's antitrust authority could open an inquiry on
Thursday into a pact between shareholders Assicurazioni Generali
(GASI.MI) and Credit Agricole (CAGR.PA) unless the deal is
changed, a source close to the issue said on Monday.
[ID:nLB94433]

MEDIOBANCA (MDBI.MI)

Chairman Cesare Geronzi's conviction on bankruptcy fraud
charges in a case concerning hotel and property group
Italcase-Bagaglino has been overturned on appeal, a legal source
said on Monday. [ID:nLB131613]

Mediobanca posts fiscal third-quarter results.

* ALITALIA AZPIa.MI

Italy's Treasury might increase to 60-70 percent from 30
percent the amount that bondholders can recover from the
airline, Finanza & Mercati said, citing Treasury sources.

* TELECOM ITALIA (TLIT.MI)

The telecommunications operator has hired Mediobanca and
Banca IMI to look for a buyer for Sparkle, a unit that operates
fibre optics networks in Europe and elsewhere, Il Sole 24 Ore
said; although Sparkle's book value stands at 700 million euros,
it could fetch more than 1.2 billion euros; privae equity firms
such as Clessidra, Carlyle and F2i could be interested.

* TELECOM ITALIA MEDIA (TCM.MI)

The broadcaster will only consider offers that value its
digital terrestrial assets at about 300 million euros, Il Sole
24 Ore said.

COMPANY RESULTS

The following companies are among those reporting
first-quarter results:

ENEL (ENEI.MI)

SEAT PAGINE GIALLE (PGIT.MI)

MEDIASET (MS.MI)

BULGARI (BULG.MI)