Italian Stocks - Factors to watch on June 15
MILAN, June 15 (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 (*).
FIAT (FIA.MI)
The industrial group's rating remains on CreditWatch negative, Standard & Poor's Ratings Services said on Friday in a statement after the finalisation of Fiat's alliance with Chrysler. [ID:nWNA6604]
ENI (ENI.MI)
The energy group's chief executive discussed joint ventures in gas with Libya at a meeting with Libyan leader Muammar Gaddafi on Saturday, an Eni spokesman said. [ID:nLD306987]
CIR (CIRX.MI)
Verbund (VERB.VI), Austria's biggest utility, is ready to
raise its stake in Sorgenia, the conglomerate's energy unit, to
45 percent in an operation that is expected in the coming weeks,
Corriere della Sera's insert CorrierEconomia reported, citing
unnamed sources.
* FINMECCANICA (SIFI.MI)
The aerospace company is looking to sell its remaining 3.2
percent stake in chipmaker STMicroelectronics NV (STM.PA), Chief
Executive Pier Francesco Guarguaglini told Il Sole 24 Ore in an
interview. [ID:nLF270895]
INTESA SANPAOLO (ISP.MI)
A revised pact between Credit Agricole (CAGR.PA) and Assicurazioni Generali (GASI.MI) on their combined stake in the Italian bank might include only an obligation to consult each other on Intesa issues, Il Messaggero said on Sunday, without citing sources.
Fondazione MPS does not rule out the possibility of selling its 0.42 percent stake but at the moment there are no plans to do so, the banking foundation's chairman said in an interview with Corriere della Sera.
IMPREGILO (IPGI.MI)
The construction group is confident about its bid for a contract to expand the Panama Canal, its chairman told Reuters on Sunday, clarifying comments he made at a meeting this week.
In an interview, he also said he was not aware of any offers by Libya's sovereign wealth fund to join Impregilo's biggest shareholder IGLI. [ID:nLE53322]
PARMALAT (PLT.MI)
Italian rival Granarolo tried in the past to start talks on a possible tie-up but the approach was rejected by Parmalat, Granarolo former chairman said in an interview published on Sunday by Il Sole 24 Ore, adding at the moment he was no longer thinking about it and that plans for a bourse listing remained.
BANCA POPOLARE DI MILANO (PMII.MI)
The bank is studying an insurance agreement with France's Credit Mutuel, which owns 4.84 percent of Popolare di Milano, its chairman said on Friday on the margins of a conference.
Popolare di Milano does not plan to list its asset management operations, which it intends to merge by year-end, its director general said in an interview published by weekly Borsa & Finanza on Saturday; he said the bank was interested in an asset management partnership with an international player.
TERNA (TRN.MI)
Public administration delays in projects to boost the electric network are delaying investments that could save 1 billion euros a year in Italy, its chief executive said on Friday at a conference.
* SAIPEM (SPMI.MI)
Goldman Sachs raised its rating on the oilfield services company to "neutral" from "sell."
Credit Suisse cut its rating to "neutral" from "outperform."
SMALL AND MID-CAPS
* SAFILO (SFLG.MI)
Bain Capital and PAI Partners have made offers for about 30 percent of the eyewear maker, the Financial Times reported. The potential deal might also include an option to buy a majority stake at a later date, it said, citing a person close to the talks.
CAMFIN (CAMI.MI), PIRELLI (PECI.MI)
Pirelli's largest shareholder Camfin has reached agreement with its banks on a 100 million euros ($140.7 million) capital increase and a rescheduling of its debt, Camfin said on Friday. [ID:nLC836889]
SARAS (SRS.MI)
The refining company said its mild hydrocracking unit where three workers died last month was released from seizure by a court on Friday. The seizure's impact on EBITDA is estimated at 5 million euros. [ID:nLC833407]
RCS MEDIAGROUP (RCSM.MI)
The publisher's visibility has further worsened compared with last year and a short-term recovery looks unlikely, its chief executive was quoted as saying by Il Sole 24 Ore in its "Letter To the Investor" feature on Sunday. He said the second half would be "less penalising" than the first half and that its efficiency plan would cut costs by 240 million euros.
SNIA (SIAI.MI)
Auditor KPMG was not able to express an opinion on the chemical company's full-year 2008 results, Snia said in a statement dated Saturday.
ESPRINET (PRT.MI)
The IT and consumer electronics company sees a "significant" drop in demand in 2009, its chief executive was quoted as saying in Il Sole 24 Ore's Plus24 section on Saturday. The paper said Esprinet should post a double-digit rise in earnings before interest and tax to nearly 53 million euros this year and a 10 percent fall in turnover.
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