Italian Stocks - Factors to watch on July 14

MILAN, July 14 (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 (*).

ALITALIA (AZPIa.MI: Quote, Profile, Research, Stock Buzz)

A plan to save the airline by Intesa Sanpaolo (ISP.MI: Quote, Profile, Research, Stock Buzz) would
create a new company with less debt and fewer employees, Milano
Finanza reported on Saturday; the new company would have 400-500
million euros in debt, 15,000 staff and 800 million euros in
cash; Air One would get involved, while private investors like
Roberto Colaninno, Gilberto Benetton and De Agostini would take
a minority stake; the bank must present the plan by Aug. 10.

FIAT (FIA.MI: Quote, Profile, Research, Stock Buzz)

Sicily has raised the prospect of another car maker taking
the place of Fiat on the island if the Italian industrial group
does not make a bigger commitment to its Termini Imerese plant,
Il Giornale said on Sunday; Pippo Gianni, an official for the
regional government, said it had improved the infrastructure
around the plant but Fiat had declined to open a second
production line, preferring to stick to the assemblage of one
model: the Lancia Ypsilon.

TELECOM ITALIA (TLIT.MI: Quote, Profile, Research, Stock Buzz)

The Fossati family is expected to present a plan after the
publication of the telecommunications operator's first-half
results that would emphasise marketing, attention to consumer
needs and added value to exisiting services, Il Sole 24 Ore said
on Saturday; the family owns 4.45 percent of Telecom Italia.

MEDIASET (MS.MI: Quote, Profile, Research, Stock Buzz), ITV (ITV.L: Quote, Profile, Research, Stock Buzz)

In comments to the Financial Times, John de Mol, co-founder
of Endemol which is partly owned by Mediaset, said he would not
rule out a bid for UK television network ITV; "I wouldn't want
to exclude it," he told the newspaper.

ENI (ENI.MI: Quote, Profile, Research, Stock Buzz), ENEL (ENEI.MI: Quote, Profile, Research, Stock Buzz)

Prime Minister Silvio Berlusconi said oil consuming
countries should meet to fix a maximum price they were prepared
to pay for oil or they would have to invest heavily in nuclear
power.

For a full story, double click on [nL13381592]

Kazakhstan has expanded the list of companies subject to a
new oil export duty to include the consortium developing the
huge Karachaganak gas field -- of which Eni is co-leader.

For more, double click on [nL143824]

* A2A (A2.MI: Quote, Profile, Research, Stock Buzz)

Investment bankers are looking at the idea of having A2A
merge with Edison (EDN.MI: Quote, Profile, Research, Stock Buzz), Milano Finanza said on Saturday
without citing any sources; Edison is controlled by A2A and
France's EDF (EDF.PA: Quote, Profile, Research, Stock Buzz).

A restructuring of the utility after its creation via the
merger of AEM Milano and ASM Brescia could lead to 500 job cuts
in order to eliminate duplication of roles and cut costs, Il
Sole 24 0re reported on Sunday.

* INTESA SANPAOLO

Eurizon Capital's head, Francis Cadylaftis, says in an
interview with Affari & Finanza of La Repubblica that the asset
managing unit of the bank is looking for a foreign parter.

SAIPEM (SPMI.MI: Quote, Profile, Research, Stock Buzz)

The United Arab Emirates' Dolphin Energy has shortlisted
three companies including Saipem for a contract to build a gas
pipeline to link the capital Abu Dhabi with the east coast
emirate of Fujairah.

For a full story, double click on [nL13279975]

BANCA POPOLARE DELL'EMILIA ROMAGNA (EMII.MI: Quote, Profile, Research, Stock Buzz)

The bank's chief executive, Guido Leoni, will recommend at
the board's next meeting to abandon plans to buy Banca delle
Marche, Milano Finanza said on Saturday, citing sources with
knowledge of the dossier; the price is too expensive and the
turbulent market has distorted valuations.

GENERALI (GASI.MI: Quote, Profile, Research, Stock Buzz)

The insurer is investing 300 million euros in British hedge
fund Tenax Financial, 49 percent of which it owns, Il Sole 24
Ore reported on Saturday; the investment brings to more than 500
million euros the amount it has put in these kinds of funds.

ITALCEMENTI (ITAI.MI: Quote, Profile, Research, Stock Buzz)

Moroccan cement producer Ciments Maroc SCM.CS, a unit of
Italcementi, signed a $274 million loan agreement with five
banks to help finance a new factory due to start production in
March 2009.

For a full story, double click on [nL12512926].

SARAS (SRS.MI: Quote, Profile, Research, Stock Buzz)

The oil refiner should be able to raise by 6 percent its
earnings before interest, tax, depreciation and amortisation
(EBITDA) to 630 million euros, according to "Letter to the
Investor" column in Sunday's Il Sole 20 Ore.