June 1, 2020 / 4:01 AM / a month ago

Italy - Factors to watch on June 1

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 (*).

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

POLITICS

Italy will not be treated like a leper colony, says Foreign Minister Luigi Di Maio, warning EU states not to shut out Italians as they reopen their borders. Rome plans to lift restrictions on inter-regional travel from June 3.

ECONOMY

HIS Markit releases May manufacturing PMI (0745 GMT).

Transport Ministry releases May car sales data (1600 GMT).

May state sector borrowing requirement data.

MEDIOBANCA

Italian billionaire Leonardo Del Vecchio has asked the European Central Bank for permission to increase his stake in Mediobanca to up to 20%, a source said on Sunday confirming a press report.

(*) The ECB will begin examining Del Vecchio’s request on Monday, La Repubblica said.

ATLANTIA

Atlantia will have to accept stricter rules on motorway tariffs as laid out by the transport authority if it wants to keep its highway concession, Economy Minister Roberto Gualtieri said on Sunday. (*) A new government meeting is scheduled for Wednesday to discuss the group’s motorway concession and tariffs, Il Messaggero said on Monday.

Atlantia wants to press ahead with the sale of up to 49% of its toll-road payment division Telepass and has asked bidders to submit tentative offers in late June, three sources close to the process told Reuters.

(*) CATTOLICA ASSICURAZIONI

Insurance watchdog Ivass has told Cattolica Assicurazioni it must launch a 500 million euro capital increase by early autumn after the group’s solvency ratio fell as a result of the ongoing health emergency, the insurer said on Monday. The insurer’s board tasked management with preparing a plan within the required time frame to strengthen the group’s solvency.

OVS

Economy Minister Roberto Gualtieri told RAI 3 television that he would sign off on Monday on an OVS request for a 100-million-euro state-backed loan.

INTESA SANPAOLO, UBI BANCA

The European Central Bank is expected to clear Italian bank Intesa Sanpaolo’s proposed takeover of smaller rival UBI Banca in the next couple of weeks, two people familiar with the matter said on Friday.

(*) UNICREDIT has asked to be involved in the proceedings opened by the Italian antitrust watchdog into Intesa Sanpaolo’s move, Affari&Finanza said on Monday.

ENEL

The utility said on Friday its green energy unit had won 68 MW of new renewable capacity for two wind projects and 38.3 MW of nominal capacity deriving from the repowering of already-operational hydro plants in the second renewable auction launched by Italian state-owned energy service company GSE.

EXOR, GEDI

Exor’s Giano Holding said on Friday market watchdog Consob had approved its mandatory offer on shares in publisher GEDI it does not already own. The offer will run from June 3-30.

CREDITO VALTELLINESE

Reverse stock split.

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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