CORRECTED - Italian Stocks - Factors to watch on June 12
(Corrects currency to dollars from euros in penultimate paragraph about value of reported possible bond issue by Campari.)
MILAN, June 12 (Reuters) - The following factors could affect Italian markets on Friday.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
FIAT (FIA.MI)
The automaker's proposal for Opel, General Motors Corp's GMGMQ.PK German unit, is still on the table, Prime Minister Silvio Berlusconi said on Thursday. [ID:nMAT009666]
Italy's government will hold talks with management and unions on June 18, following its acquisition of Chrysler's strongest assets, Industry Minister Claudio Scajola said on Thursday. [ID:nLB404427
INTESA SANPAOLO (ISP.MI)
Credit Agricole (CAGR.PA) wants to agree on a new pact with Italian insurer Assicurazioni Generali (GASI.MI) over their combined stake in Italian bank Intesa Sanpaolo by end-June, its chief executive was quoted as saying by Il Sole 24 Ore. [ID:nLC196307]
ENEL (ENEI.MI)
Libya wants to replicate the solar energy plant of Enel at Priolo in Sicily in the Libyan desert, MF said without citing sources. The paper said Libya is mulling buying a stake in Enel's renewables unit when it comes to market, it said.
IMPREGILO (IPGI.MI)
IGLI, the builder's biggest shareholder group, has renewed its stakeholder accord to June 12, 2010, member Fondiaria-SAI (FOSA.MI) said on Thursday. The others are Autostrade per Italia (ATL.MI) and Argo Finanziaria. IGLI holds 29.96 percent of Impregilo.
UNICREDIT (CRDI.MI)
Federico Ghizzoni, head of the bank's central and eastern Europe operations, said there would be "serious pressure" on provisioning because of the region's economic downturn, the Economist newsmagazine said. Ghizzoni also said there was "fierce competition for deposits" as banks built up their local funding levels.
GENERALI (GASI.MI)
* Russian tycoon Oleg Deripaska has hired Banca Leonardo as
adviser in its talks with Generali to reach a solution over
Russian insurer Ingosstrakh in which Deripaska holds 62 percent
and which Generali wants to take control of, Il Sole 24 Ore
said, without citing sources. Leonardo has very good relations
with Generali, it said.
ING raises rating to "buy" from "hold"
SMALL- AND MID-CAPS
PIRELLI RE (PCRE.MI)
Pirelli & C Real Estate has priced its 400 million euro ($561 million) rights issue at 0.50 euro a share, a 89.8 percent discount to Thursday's closing price. [nLB446056]
* RCS MEDIAGROUP (RCSM.MI)
THe periodicals unit will not be closed but there will be big cuts in staff, MF reported without citing sources.
* CAMFIN (CAMI.MI)
The holding company with a major stake in Pirelli & C (PECI.MI) has reached a debt rescheduling deal with banks and is ready to give its go ahead to a capital increase of 100 million euros, Corriere della Sera said, without citing sources. * CAMPARI (CPRI.MI)
The group is sounding out U.S. investors for an institutional bond issue of $150 million relating to the Wild Turkey acquisition, the weekly Il Mondo said, without citing sources. The group is preparing for a rating from the credit agencies, it added.
* GRUPPO COIN (GCN.MI)
The group has seen flat like-for-like sales in June so far after a "big pickup" in May, Chief Executive Stefano Beraldo said. [ID:nLB604616]
© Thomson Reuters 2009 All rights reserved



