April 5, 2019 / 4:00 AM / 2 months ago

Italy - Factors to watch on April 5

MILANO, April 5 (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 (*).

For a complete list of diary events in Italy please click on .

POLITICS

The Italian government on Thursday failed to approve a planned decree to reimburse thousands of savers who suffered losses in bank collapses as a rift deepened between Economy Minister Giovanni Tria and the ruling parties. (*) Italy’s government will reimburse all savers who suffered losses in bank collapses as soon as possible but in line with the law, Italian Economy Minister Giovanni Tria said on Friday.

ECONOMY

ISTAT releases monthly bulletin on the state of the economy in March (0800 GMT).

Bank of Italy releases March data on Target 2 liabilities and European Central Bank funding to Italian banks.

DEBT

Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on April 10.

(*) UNICREDIT

A key condition for any bid by UniCredit for Commerzbank is that the merger not be seen as hostile by the German government or the bank, Il Messaggero said.

A merger with France’s Societe Generale is the first option for UniCredit CEO Jean Pierre Mustier, newspapers said.

BANCA CARIGE

A specialist fund run by BlackRock could be given until end-April to file a binding bid for troubled Italian lender Carige, a source familiar with the matter said on Thursday.

The BlackRock fund interested in the lender could subscribe just 20 percent or so of a planned capital increase while the Malacalza family shareholder will reduce its stake to 10-15 percent from the current 27 percent, Il Sole 24 Ore said adding that Italy’s depositor guarantee fund (FITD) could convert part of its debt.

POP SONDRIO

Coalition government partner the League aims to halt the mandatory conversion of the Italian cooperative bank into a joint stock company through an amendment in a decree approved on Thursday, La Repubblica said.

ENEL, TELECOM ITALIA

Franco Bassanini might not be confirmed as chairman of broadband infrastructure group Open Fiber, La Stampa said. Fulvio Conti, currently chairman of Telecom Italia, could be a candidate to replace him, it said. Enel owns half of Open Fiber.

ENI

Eni board has approved a potential bond issue for up to $2 billion, the oil group said on Thursday.

(*) SAIPEM

The oil services firm won contracts in Norway and the Middle East for a total of $200 million, the company said.

ITALGAS, ASCOPIAVE

The group has named Paolo Gallo CEO, it said on Thursday.

Italgas will consider M&A in its future business plan and will make a non-binding bid for the gas distribution assets of regional utility Ascopiave, Gallo was cited by newspapers as saying at a shareholder meeting.

(*) SALINI IMPREGILO

The construction company said on Friday it had won a contract for a hydroelectric plant in Australia worth 5.1 billion Australian dollars.

(*) TOD’S

The fashion group said it had hired designer Alber Elbaz for a new chapter of its Tod’s Factory project.

ALITALIA

A deadline for Ferrovie dello Stato to present a rescue plan for troubled carrier Alitalia is set to be extended by one month to end-April, a source close to the matter said.

A decree approved on Thursday evening includes a provision for the government to take a stake in Alitalia, under a rescue plan for the ailing national carrier, Deputy Prime Minister Luigi Di Maio said.

FINCANTIERI

Annual general meeting (0830 GMT).

LEONARDO

The United States is considering expanding sales of Lockheed Martin Corp-made F-35 fighter jets to five new nations including Romania, Greece and Poland as European allies bulk up their defenses in the face of a strengthening Russia, a Pentagon official told Congress on Thursday.

IREN

Ordinary and extraordinary shareholders’ meeting (0900 GMT).

Annual general meetings: CULTI MILANO (0800 GMT), GRUPPO GREEN POWER.

Board meetings on FY results: BIALETTI INDUSTRIE, NOVA RE.

DIARY

Cernobbio, The European House Ambrosetti annual financial workshop on “The Outlook for the Economy and Finance” starts (0630 GMT); ends on April 6.

Brescia, Prime Minister Giuseppe Conte interviewed at “Family Business-Festival” (0900 GMT).

L’Aquila, Prime Minister Giuseppe Conte attends the commemorative torchlight procession on the occasion of the 10th anniversary of the earthquake (2030 GMT).

Milan, Deputy Prime Minister and Industry Minister Luigi Di Maio meets employers’ body Assolombarda President Carlo Bonomi and representatives of the General Council (0830 GMT).

Milan, conference on “Italy that Works. Reforms and Tools to Support Businesses” with Deputy Prime Minister and Industry Minister Luigi Di Maio, Foreign Affairs Undersecretary Manlio Di Stefano, Unioncamere President Carlo Sangalli (1300 GMT); followed by news conference (1430 GMT).

Milan, conference on “Innovative Startups” with state lender Cassa Depositi e Prestiti CEO Fabrisio Palermo (0730 GMT).

Milan, conference on “NPE R-Evolution” with Fitch Ratings representative Marina Paoletti, illimity Bank head of NPLs Division (0730 GMT).

San Patrignano, “Sustainable Economy Forum” ends (0730 GMT); Expected attendees include FAO official Maximo Torero Cullen, Lavazza Group Deputy Chairman Giuseppe Lavazza, Hera CEO Stefano Venier; UBI Banca Management Board Chairwoman Letizia Moratti delivers closing address.

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:............................... (Reporting By Viviana Venturi)

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