Italian Stocks - Factors to watch on July 10
MILAN, July 10 (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 (*).
ENI (ENI.MI)
The oil company has declared force majeure after rebels sabotaged oil pipelines in Nigeria, a spokesman said on Thursday. [ID:nMAT009746]
* Iraq hopes to reach a decision in less than a month on the huge Nassiriya oilfield, the country's oil minister said on Friday. Eni is vying for the oilfield's engineering, procurement and construction contract. [ID:nT124144]
* BANKS
A government-proposed tax rules review on bad loans could be included as an amendment in the anti-crisis decree discussed in Italy's lower house of Parliament, Il Sole 24 Ore said. The government is asking the country's banks to agree a voluntary moratorium by August on companies' most pressing loans.
FINMECCANICA (SIFI.MI)
The aerospace and defence group will extend the average expiry of its debt to 7.8 years from 6.5 years with its dollar bond issue this week, Chief Financial Officer Alessandro Pansa told Reuters. [ID:nL990413]
EDISON (EDN.MI)
The utility plans to launch a 500 million euro ($696 million) senior bond with a duration of five to seven years next week, banking sources close to the operation said on Thursday. [ID:nMAT009747]
SMALL AND MID-CAPS
TOSCANA FINANZA (TF.MI), BANCA IFIS (IF.MI)
Banca Ifis has made a public buyout offer for Toscana Finanza at 1.25 euros a share, or 38.2 mlllion euros, Ifis said in a statement. The offer is conditioned on shareholders representing 66.67 percent of capital agreeing to it, and those representing 66.1 percent have done so, it said.
MANAGEMENT & CAPITALI (MACA.MI)
Tamburi Investment Partners SpA (TIP.MI) made a
cash-and-shares offer for the investment company in a
counter-bid to that made by real estate firm MI.MO.SE.
[ID:nL9161207]
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