Italian Stocks - Factors to watch on Nov 2

Mon Nov 2, 2009 2:49am EST
 
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 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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