Italian Stocks - Factors to watch on June 30

MILAN, June 30 (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 (*).

FINMECCANICA (SIFI.MI)

Italy's industry minister said Thales Alenia Space, in which
Finmeccanica has 33 percent, had won a Russian contract worth
about 250 million euros to supply communications satellites,
Ansa news agency reported on Monday. [ID:nLT373571]

FIAT (FIA.MI)

General Motors is close to a deal with Belgium-based RHJ
International to sell a stake in Opel, the Financial Times
reported citing a person close to the sale process. Fiat has
said it is interested in Opel but that it will not change its
offer.

UNICREDIT (CRDI.MI)

The bank closed its 2 billion euro 7-year covered bond offer
ahead of schedule after orders doubled the amount on offer, the
bank said in a statement on Monday. [ID:nLT361397]

GENERALI (GASI.MI), CREDIT AGRICOLE (CAGR.PA), INTESA
SANPAOLO (ISP.MI)

The insurer and the French bank published their new accord
on a joint 10.8 percent stake in Italian lender Intesa Sanpaolo
"in order to give full and complete transparency to the market."
They said the accord would last 3 years and aimed to "preserve
and enhance the value" of the stake. Italy's antitrust authority
is reviewing the nature of the accord, which Generali and Credit
Agricole said was not a "shareholders' pact."

* Generali has asked Germany's Finance Minister Peer
Steinbrueck in a letter to get involved in Commerzbank's
(CBKG.DE) corporate policy, to make sure the bank will continue
to sell Generali products, the Financial Times Deutschland
newspaper reported. The German government has taken a minority
stake in Commerzbank as part of a bailout.

BANCO POPOLARE (BAPO.MI)

HSBC raises the stock to neutral from underweight.

BANCA MONTE DEI PASCHI DI SIENA (BMPS.MI)

HSBC raises the stock to neutral from underweight.

SMALL AND MID-CAPs

ENIA (EN.MI)

"Prospects for a further consolidation in the sector are
more for the medium than for the short term", the utility's CEO
Andrea Viero said in a roadshow in the United States, MF
reported.

PIRELLI RE (PCRE.MI)

The group said on Monday it had completed the deal to sell
20 percent of Pirelli & C. Real Estate Credit Servicing to DGAD
International. The deal has a positive effect on Pirelli RE's
net financial position of around 89 million euros, it said.

BANCO DI DESIO E DELLA BRIANZA (DESI.MI)

Fitch Ratings affirmed the Italian bank's Long-term Issuer
Default Rating (IDR) at 'A' with a Stable Outlook.

ERG (ERG.MI)

UBS raises the stock to buy from neutral.