Italian Stocks - Factors to watch on June 23
MILAN, June 23 (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 (*).
INTESA SANPAOLO (ISP.MI)
French bank Credit Agricole (CAGR.PA) should have part of
its voting rights in the bank frozen, another key Intesa
shareholder told Reuters in an interview. [ID:nLM331932]
The bank's system of supervisory and management boards can be improved but is positive, Management Board Chairman Enrico Salza said.
Intesa's wholly owned Hungarian unit, CIB, said it would increase its capital by nearly $209 million. [ID:nLM474239]
FIAT (FIA.MI)
* The industrial group is preparing a three-year bond aimed at
institutional investors with a 10 percent yield, or 750 basis
points above the midswap rate, Finanza & Mercati said in an
unsourced report. The company had no comment.
Fiat could sell Chrysler vehicles in India if it gets approval from local partner Tata Motors Ltd TAMI.BO, La Stampa reported in an unsourced story.
The industrial group's truck unit, Iveco, wants to grow more and the 13.3 percent January-May market share in western Europe is a "starting point", an Iveco exective said on Monday at an event in Turin.
ENI (ENI.MI)
Edison (EDN.MI), Enel (ENEI.MI), Hera (HRA.MI), Iride (IRD.MI), other Italian municipally-owned utilities, Gaz de France (GSZ.PA), and E.ON (EONGn.DE) are among those interested in acquiring Eni's north and central Italy oil assets, MF said in an unsourced report.
TELECOM ITALIA (TLIT.MI)
The authority in charge of assuring equal access to the
phone company's network has opened an investigation at the
request of Fastweb (FWB.MI), several newspapers said.
GENERALI (GASI.MI)
The insurer's largest shareholder Mediobanca (MDBI.MI) is
becoming more cautious about reappointing Antoine Bernheim as
Generali's chairman in April next year, Corriere della Sera said
in an unsourced report.
A2A (A2.MI)
The regional utility said it had reappointed Giuliano Zuccoli as chairman of its management board, in a move that completes a reshuffle at the company. [ID:nLM45320]
TERNA (TRN.MI)
The power grid operator said it had launched a 600 million euro private bond placement to help finance investments. [ID:nLM577743]
AON CORP AON.N
The U.S. insurance broker has completed its purchase of BNL Broker and is looking for other buys in Italy, its country manager told Il Sole 24 Ore. It is in talks with an unnamed Italian bank and an independent company, he said. The paper said portfolios being examined could be those of Veneto Banca, Banca Popolare di Verona, UBI Banca (UBI.MI) and Banca Popolare dell'Emilia Romagna (EMII.MI).
SMALL AND MID-CAPS
AS ROMA (ASR.MI)
The prospect of the soccer club's sale to the Fioranelli consortium is receding and an auction is more likely, MF said. Il Messaggero said club owners Italpetroli should break off talks officially on Tuesday.
RCS MEDIAGROUP (RCSM.MI)
The publisher is cutting 180 workers at its Spanish unit Unedisa, or about 7.5 percent of the total, in a first phase of job cuts with the aim of reaching an overall 300-400, MF said in an unsourced report.
CREDEM (EMBI.MI)
The bank is considering selling its Euromobiliare Asset
Management unit and has attracted private equity interest,
Corriere della Sera said, citing the Radiocor news agency.
TISCALI (TIS.MI)
The Internet service provider said it would price a 190 million euro capital increase at 0.01 euro per share and announced a reverse stock split to reduce the number of its shares. [ID:nLM79978]
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