August 30, 2018 / 4:01 AM / 19 days ago

Italy - Factors to watch on Aug. 30

The following factors could affect Italian markets on Thursday.

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

Alzano Lombardo, Agriculture Minister Gianmarco Centinaio attends the League’s annual meeting ‘Bèrghem Fest’.

Modena, “Wolpertinger Conference”, attendees include BPER Banca Chairman Pietro Ferrari, Bank of Italy Deputy Governor Salvatore Rossi, Single Resolution Board member Mauro Grande (0700 GMT).

European Union Commissioner Guenther Oettinger warned Italy on Wednesday that it would face interest payments if it does not pay its budget contributions on time due to a row over migrant policy.

DEBT

Treasury sells 3.0-3.75 billion euros 2.45 percent BTP bonds due Oct. 1, 2023; 1.75-2.25 billion euros 2.8 percent BTP bonds due Dec. 1, 2028; 1.25-1.75 billion euros over two CCTeu bonds due Sept. 15, 2025 and Oct. 15, 2024. Subscriptions close at 0900 GMT.

ATLANTIA

The infrastructure group rejected the idea of nationalising its Autostrade unit on Wednesday but did not rule out cooperation with state-run funds, drawing renewed criticism from politicians.

Autostrade per l’Italia is ready to talk with shipbuilder Fincantieri over the rebuilding of the collapsed Genoa bridge Aspi, La Stampa said. The paper said in return for this the government could soften its position towards the motorway group.

GENERALI

The insurer is in talks to buy French asset manager Sycomore, Bloomberg reported on Wednesday citing sources. Generali declined to comment.

(*) TELECOM ITALIA

The company’s board will meet on Sept. 10, the day when offers for 5G frequencies are presented, Il Messaggero said. Bid relaunches could take the price to about 1 billion euros, it said.

ITALIAN BANKS

Ratings agency Moody’s on Wednesday said Italian banks need to repay 250 million euros of cheap European Central Bank loans by June 2020 and March 2021, pushing up their funding costs. It added that repaying the ECB would put further pressure on the lenders’ already weak profitability, which suffers from low net interest margins, restructuring costs and high loan losses.

(*) BANCA CARIGE

Main shareholder Vittorio Malacalza said in a letter published in Il Sole 24 Ore he had invested in the bank and would continue to invest. He put down conflict with management at the bank to the difficulty of establishing new transparency rules.

According to Il Messaggero Carige shaerholder SGA has given a mandate to its CEO to sell 0.9 percent of Carige shares to go to around 5 percent

SOGEFI

The car components group said on Wednesday it had signed a final agreement concerning claims made by two customers of its unit Sogefi Air& Cooling regarding the supply of a defective component. It added that the agreement will close all outstanding disputes, eliminating significant risks, and will result in a positive impact of 6.6 million pre-tax and 4.3 million in net profit.

EQUITA

The group, listed on the AIM market of the Milan bourse, said on Wednesday it had filed a request to be admitted to the MTA market, STAR segment.

Bourse After Hours market closed.

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:...............................

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