December 27, 2019 / 5:02 AM / a month ago

Italy - Factors to watch on Dec. 27

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

Italy’s 2020 budget was passed by parliament on Monday, around a week ahead of the end-year deadline, thanks to a confidence vote in the Chamber of Deputies.

Italian Education Minister Lorenzo Fioramonti told Reuters on Wednesday he had resigned after failing to obtain from the government billions of euros he said were needed to improve the country’s schools and universities.

DEBT

Italy’s Treasury said on Monday it would sell up to 4.5 billion euros in bonds at auction on Monday, December 30.

COMPANIES

Bourse After Hours market closed.

INTESA SANPAOLO

The bank appointed Tommaso Corcos as its new head of the private banking division and Saverio Perissinotto as head of asset management, it said on Thursday.

TELECOM ITALIA

In a ruling dated Dec. 23, an appeals court has annulled a 28 million euro fine against the company and six other firms which had been imposed due to allegations that they had struck an accord over commercial offers, breaching competition rules.

ENEL

The company said on Wednesday that board member Alberto Bianchi had stepped down, for personal reasons, from the office of Chair of the Nomination and Remuneration Committee.

ATLANTIA

The Italian government is pressing ahead with measures to make it easier and less costly to revoke concessions to operate motorways, even though one party in the ruling coalition opposes this, top officials said on Tuesday. The measures would potentially open the way for the government to end the concession held by Atlantia, whose subsidiary Autostrade per l’Italia (ASPI) was the operator of a bridge that collapsed in Genoa last year, killing 43 people.

(*) Atlantia’s shareholder Fondazione CRT is confident that the government will deal with ASPI motorway concession without making foreign investors run away, Fondazione CRT Chairman Giovanni Quaglia told Il Sole 24 Ore on Friday. The banking foundation is ready to act as a mediator in the dispute between the government and Atlantia.

(*) UNICREDIT

CEO Jean-Pierre Mustier has improved the bank’s competitive position amid a very difficult market, Fondazione CRT Chairman Giovanni Quaglia told Il Sole 24 Ore on Friday, adding, however, the bank should also think about it employees and its customers when implementing its new business plan. CRT is one of the Italian bank’s shareholders.

(*) GENERALI

Fondazione CRT Chairman Giovanni Quaglia told Il Sole 24 Ore on Friday that he did not fear a phase of instability at Generali following Luxottica’s founder Leonardo Del Vecchio’s acquisition of a stake in Mediobanca. CRT is a shareholder of the Italian insurance group.

BANCA CARIGE

Moody’s said on Tuesday it had lifted the Issuer Long Term rating of Carige by 1 notch to ‘Caa2’ following the capital increase and the disposal of problem loans. The Long Term deposit rating was confirmed at ‘Caa1’.

ITALIAN BANKS

Italy’s FITD fund on Dec. 30 will likely approve a capital injection to shore up Banca Popolare di Bari, Il Sole 24 Ore reported on Tuesday.

TELECOM ITALIA

The Italian government cannot exclude any 5G network provider ex-ante, but is ready to block specific deals on 5G network if a danger for security arises, Prime Minister Giuseppe Conte told Il Messaggero on Tuesday.

MEDIASET Italian private broadcaster said on Monday that Vivendi’s complaints over the governance structure of a Dutch holding company which is part of its MFE pan-European expansion plan, are “groundless” and “biased”.

NEXI

Rating agency Fitch has placed company’s ratings on ‘Watch Negative’ following the announcement to buy Intesa San Paolo’s credit cards merchant-acquiring business for 1 billion euros

ENEL

Europe’s largest utility said in Monday it would expand a wind farm’s total capacity in US to 500 MW after a renewable energy power purchase agreement (PPA) with food and beverage company Danone North America.

ENERGY

Italian infrastructure fund F2i and Spain’s Asterion have reached an agreement to buy Italian energy group Sorgenia, the company said on Monday.

CHL

A court in Florence has suspended the board of the company and appointed judicial administrators, CHL said on Tuesday.

(*) ALITALIA (not listed)

Representatives of Lufthansa will attend a hearing in Parliament on Jan. 7 to speak about the German airline’s plans regarding the rescue of the Italian carrier, MF said.

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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