Italian Stocks - Factors to watch on Nov 13
MILAN, Nov 13 (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 plans to boost Italian output about 40 percent to 900,000 units a year under a restructuring scheme, la Repubblica reported on Saturday. [ID:nLE137028]
Guglielmo Epifani, head of the Cgil union, criticised the reported plan, saying, "You can't ask for incentives and announce plant closures," la Repubblica said on Sunday.
European passenger car sales rose 11.2 percent in October, with a marked contrast between Western European markets, which grew strongly, and Eastern European markets which tumbled, industry association ACEA said on Monday. [nLG320909]
ENI (ENI.MI)
The oil company will appeal any fine it receives over a EU antitrust probe into the TAG pipeline, which transports Russian gas through Austria to Italy, CEO Paolo Scaroni said on Friday. [ID:nLD84896]
UNICREDIT (CRDI.MI)
Italy's biggest bank will hold a shareholders meeting to vote on a 4 billion euro capital increase.
INTESA SANPAOLO (ISP.MI)
Chief Executive Corrado Passera said the bank has readied its new business plan but will decide with shareholders on when to present it, several newspapers reported on Saturday.
BANCA MONTE DEI PASCHI DI SIENA (BMPS.MI)
Intesa Sanpaolo (ISP.MI) is offering 200 million euros for 50 Monte dei Paschi branches in Tuscany, Il Messaggero said on Saturday in an unsourced story. Barclays Plc (BARC.L) has offered 540 million euros for 135 branches but the price is subject to conditions.
Cariparma, a unit of France's Credit Agricole (CAGR.PA), is interested in 35 branches, the paper said. Monte dei Paschi also has renewed contacts with Banca Carige (CRGI.MI).
PARMALAT (PLT.MI)
The dairy group is targeting more than 350 million euros in earnings before interest, tax, depreciation and amortisation this year, with sales at about 4 billion euros, Il Sole 24 Ore said in its "Letter to the Investor" feature on Sunday. Parmalat is ready to use about 2 billion euros for acquisitions.
BANCO POPOLARE (BAPO.MI)
The cooperative bank posted a 63 percent drop in nine-month
net profit, hit by an accounting loss and its takeover of
loss-making Banca Italease (BIL.MI). Its chief executive ruled
out a rights issue but said the bank would look at other options
to reach its Core Tier 1 target if asset sales are unsuccessful.
[ID:nLD70020]
The bank could open exclusive talks with private equity fund Clessidra this week on sale of its Factorit factoring unit, Il Sole 24 Ore said on Saturday, citing leaks.
ATLANTIA (ATL.MI)
The motorway operator posted a 7.6 percent fall in nine-month net profit due to a write-down and said Italian traffic edged up in October. [ID:nLLD304250]
MEDIASET (MS.MI)
News Corp's (NWSA.O) Sky Italia will top Mediaset this year
as the biggest Italian TV broadcaster in revenues, but Mediaset
will regain the lead in 2011, Il Messaggero said on Sunday,
citing a sector study by ITMedia Consulting. Advertising
revenues will drop this year and return to growth in 2011.
TELECOM ITALIA (TLIT.MI)
Britain's Vodafone Group (VOD.L), Italy's Fastweb (FWB.MI) and telecoms operator Wind are looking to prepare their own plan for a broadband network, Il Messaggero said on Sunday, citing executives. The companies would like to reach a decision by year's end.
Industry Minister Claudio Scajola said on Sunday that the government would finance a broadband network by the end of the year.
* The phone company will hold a board meeting on Dec. 2 to analyse its budget but could also discuss asset sales, Corriere della Sera said on Saturday. Possible assets could include its Electra undersea cable installation unit. The company has already indicated Electra could be put up for sale.
* AUTOGRILL (AGL.MI)
It is difficult for the catering and airport retail company to make a forecast for its 2010 budget, its chief executive told Corriere della Sera.
SMALL AND MID CAPS
MARIELLA BURANI FASHION GROUP (MBFG.MI)
Mariella Burani is weighing taking on a strategic investor after it failed to close a debt restucturing accord ahead of a Monday deadline, the luxury goods company said. [ID:nLF228169]
DANIELI (DANI.MI)
Saudi Basic Industries Corp's 2010.SE affiliate Hadeed said on Sunday it had signed a deal with Danieli to build a steel plant in Saudi Arabia. [ID:nLF215241]
SNAI (SNAI.MI)
The gambling company's third-quarter net loss dropped by about two-thirds to 6.7 million euros as revenues rose to 115 million euros.
RISANAMENTO (RN.MI)
The debt-laden property company's nine-month net loss widened to 213.2 million euros versus 169 million euros a year ago.
DEA CAPITAL (DEA.MI)
DEA, the private equity holding of the De Agostini group, is in exclusive talks with Arca Sgr, an asset manager owned by cooperative banks, to take a majority stake, Chief Executive Paolo Ceretti told La Stampa in an interview published on Saturday.
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