November 16, 2017 / 5:00 AM / a month ago

Italy - Factors to watch on Nov. 16

The following factors could affect Italian markets on Thurs day.

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 .

ECONOMY

ISTAT releases September foreign trade data (0900 GMT).

DEBT

Treasury offers new ‘BTP Italia’ bond due November 2023 to institutional investors.

Italy raised 3.76 billion euros ($4.44 billion)vfrom retail investors selling its latest ‘BTP Italia’ inflation-linked bond during a three-day offering which concluded on Wednesday.

Italy Treasury said on Wednesday it would offer up to 2 billion euros of its 5.75 percent Feb. 1 2033 BTP bond in exchange for five bonds.

COMPANIES

BANCA CARIGE

The lender said on Thursday the conditions had not been fully met to create the consortium to guarantee its planned 560 million euro ($659 million) capital increase.

Carige management is exerting pressure on insurer Unipol to get it to take part in its planned 560 million euro cash call, La Repubblica said.

According to Il Sole 24 Ore, Carige’s board had priced the stock issue at 0.01 euros per share and decided to offer shares at a discount to TERP of between 26-27 percent. (*) Il Messaggero said the discount to TERP was above 40 percent and the share issue was priced at 1-2 cents.

ENAV, ENI

Italy’s Treasury has sent a letter to Cassa Depositi e Prestiti (CDP) to formally start the sale to the state lender of stakes in air traffic controller ENAV and energy group ENI, a source with knowledge of the matter said on Thursday.

ERG

Erg has signed an agreement with VEI Green to buy ForVei, the ninth largest photovoltaic operator in Italy, in a deal valued at 336 million euros.

FIAT CHRYSLER

Industry-wide European car sales rose 5.9 percent in October, according to industry data published on Thursday, with Renault and Toyota leading the gains among volume carmakers.

Fiat Chrysler said its European sales in October were up 1.5 percent year-on-year.

TELECOM ITALIA

Vodafone plans to use its expertise in customer data to help to fend off competition in Italy from French newcomer Iliad and avoid an India-style price war, its chief executive said on Wednesday.

ENEL, OPEN FIBER, TELECOM ITALIA

Italian broadband company Open Fiber said on Wednesday it had appointed Elisabetta Riva as chief executive to replace Tommaso Pompei, confirming what sources said on Tuesday. (*) Enel has no intention to exit broadband firm Open Fiber’s share capital, the utility’s CEO Francesco Starace told Il Sole 24 Ore. The executive also ruled out the idea of creating one network company together with Telecom Italia, saying it didn’t “make sense neither for Open Fiber nor Telecom Italia”.

CREDITO VALTELLINESE

The lender said ratings agency DBRS downgraded its ratings to “BB” from “BB (high)”, under review with negative implications.

INTESA SANPAOLO

CEO Carlo Messina attends news conference on “The Recipe Against Child Poverty” in Milan (1000 GMT).

SALINI IMPREGILO

The company said new orders acquired so far in 2017 amounted to 4.3 billion euros, including variation orders, while tenders awaiting outcome amount to 10 billion euros. The group also confirmed its guidance for the year.

MASI AGRICOLA

The company said 9-month EBITDA fell to 8.4 million euros from 10.7 million a year ago.

DADA

The company said 9-month net profit rose to 2.1 million euros from 0.2 million a year ago.

PANARIAGROUP

The company said third-quarter net profit fell to ‍​0.5 million euros from 1.7 million a year ago.

COIMA RES

Explains “Gioia 22” project with founder and CEO Manfredi Catella (1330 GMT).

DADA

Conference call on Q3 results (1400 GMT).

IL SOLE 24 ORE

Capital increase ends.

LVENTURE GROUP

CEO Luigi Capello attends conference on startups (1500 GMT).

PORTALE SARDEGNA

Debuts on AIM segment.

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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