Italian Stocks - Factors to watch on Nov 2
MILAN, Nov 2 (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)
Car sales figures for October will be published by the Transport Ministry at 1700 GMT.
Italian businessman Gian Maria Rossignolo, whose offer to buy car bodywork company Carrozzeria Bertone was beaten by Fiat, has asked a court to suspend the sale to Fiat on the grounds that it had breached the bidding procedure, Il Messaggero reported on Sunday. A hearing at a Turin court is due on Nov. 5, the paper said.
Chief Executive Sergio Marchionne has picked a leading team of 25 for Chrysler and the car maker's new structure will be focused into four brands -- Chrysler, Jeep, Dodge, Ram, Corriere Economia said.
ENEL (ENEI.MI)
Enel, which owns Spanish utility Endesa (ELE.MC), is working
to define which high-voltage assets it will have to sell in
Spain, its CEO Fulvio Conti said on Saturday. [ID:nLV91064]
Enel is likely to present a binding offer for oil and gas fields in central Italy which Eni (ENI.MI) has put up for sale; Enel may present a joint offer with Italian gas company Gas Plus (GSP.MI); Eni wants to sell the assets for 1.5-2.0 billion euros, Enel had planned a 1.1 billion euro offer earlier this year; the deadline to present binding bids is Nov. 3, Il Sole 24 Ore said on Sunday without citing its sources.
Enel's core earnings (EBITDA) are expected to rise 9 percent to 15.5 billion euros in 2009, debt is seen at just above 53 billion euros, up from 50.8 billion euros at the end of 2008, Il Sole said in its regular "Letter to the Investor" feature on Sunday.
UNICREDIT (CRDI.MI)
The Cariverona foundation said it will vote in favour of the bank's capital increase but did not say whether it would then subscribe to the rights issue. [ID:nLU726874]
* TELECOM ITALIA (TLIT.MI)
Spain's Telefonica (TEF.MC) will close a deal withing days
to buy German broadband operator HanseNet from Telecom Italia
for between 900 million euros and 1 billion euros, El Economista
said, citing sources close to the deal. [ID:nL2271309]
EDISON (EDN.MI)
The power producer expects sluggish power and gas demand to carry into 2010 as the economic crisis continues to take its toll, weighing on growth and margins, Chief Executive Umberto Quadrino said. [ID:nLU625365]
INTESA SANPAOLO (ISP.MI)
The bank is seeking solid guarantees to go ahead with the planned acquisition of consumer credit company Delta after it discovered irregularities in the course of due diligence, Il Messaggero reported on Saturday without citing its sources.
* ATLANTIA (ATL.MI)
Credit Suisse raised its price target to 25 euros from 24 euros, rating "underperform".
* TV BROADCASTERS
SES-Astra's SESFg.LU (SESFd.PA) Italian operations head Markus Fritz has proposed to Mediaset (MS.MI) and state TV RAI to transmit their channels on its satellite, La Repubblica's insert Affari & Finanza said. "We are seeing a lot of interest in the Italian market. And we are in talks also with several local channel broadcasters," he was quoted as saying.
SMALL AND MID CAPS
MARIELLA BURANI FASHION GROUP (MBFG.MI)
The luxury goods maker's net debt rose over a month by 1.9 million euros to 479.9 million euros at the end of September, the debt-laden group said on Saturday in a monthly update of its debt requested by the market regulator Consob.
Mariella Burani's creditor banks have drafted an alternative debt restructuring plan to the one presented by the group, Il Messaggero reported on Saturday without citing its sources.
RISANAMENTO (RN.MI)
The indebted real estate company said on Saturday it has
drawn up a list of candidates for a new board which will lead
its restructuring if a court rejects a call for bankruptcy. The
list includes Claudio Calabi, chief executive of Italy's leading
financial newspaper Il Sole 24 Ore (S24.MI). [ID:nLV114215]
* AZIMUT (AZMT.MI)
The asset manager is looking for a distribution partner in China, CEO Pietro Giuliani told Corriere Economia.
PERMASTEELISA (PMS.MI)
Shareholders who own 61.5 percent in the building cladding company have launched an obligatory buyout offer for the remaining shares in the company that they do not own offering 13.0 euros per share for a total payout of up to 112.2 million euros, lawyers d'Urso Gatti e Associati said in a statement late on Friday.
TAX EVASION
Italy's tax agency aims to recoup more than 7 billion euros of unpaid taxes through tightening checks on financial information about clients that banks and other institutions are obliged to sent to it, the agency's senior official Luigi Magistro said in an interview with La Repubblica newspaper published on Saturday.
Recent checks on Swiss banks were not aimed specifically against them but were part of wide-ranging checks, he said.
ENERGY
Italy's power bourse, IPEX, stars trading in monthly, quarterly and yearly base-load and peak-load contracts on its forward electricity market MTE.
E.ON (EONGn.DE)
Europe's biggest utility E.ON plans to invest more than 200 million euros in hydro power generation in Italy in the next two years, to boost its 10 percent share of wind power generation there and get a foothold in Italy's booming photovoltaic sector with a first project to be concluded by the end of 2009, E.ON CEO Wulf Bernotat wrote in an article published in Il Sole 24 Ore on Saturday.
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