November 22, 2019 / 5:05 AM / 16 days ago

Italy - Factors to watch on Nov. 22

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

Members of Italy’s anti-establishment 5-Star Movement on Thursday rejected a call from party chief Luigi Di Maio to pull out of upcoming regional elections, in a surprise move that underlines Di Maio’s difficulties as leader.

ECONOMY

Ahead of a meeting with Italy’s government over the Ilva steel plant, ArcelorMittal’s Lakshmi Mittal and his son Aditya have softened their position and “hope there will be good progress in finding a solution to the very hard situation in which Ilva finds itself”, Il Messaggero reported citing a company source.

DEBT

Treasury announces sale of six-month BOT bills, with relative amounts to be auctioned on Nov. 27.

MEDIASET

A Milan court holds a hearing over a request by Vivendi to suspend a corporate overhaul by the Italian broadcaster. A judge had given the two parties until Friday to find an agreement to resolve their dispute. (*) Sources said on Friday Mediaset and Vivendi had failed to reach an out-of-court agreement ahead of the court hearing.

French media group Vivendi is prepared to sell part of its stake in Mediaset at a loss in an attempt to reach an accord to end years of bitter legal disputes with the Italian broadcaster, two sources close to the matter said on Thursday. (*) Mediaset is ready to offer Vivendi 3.10 euros per share to buy part of its stake in the Italian broadcaster, Il Messaggero reported. (*) French family Bouygues, which controls French broadcaster Tf1, is ready to buy part of Vivendi’s stake alongside Peninsula fund, Credit Suisse and businessman Daniel Kretinsky, MF said.

FIAT CHRYSLER, EXOR

Fiat Chrysler Automobiles NV on Thursday brushed off a shock lawsuit from General Motors Co and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth-largest carmaker.

(*) TELECOM ITALIA, ENEL

The deadline for non-binding offers from investment funds to acquire a stake in fast broadband group Open Fiber has been put back to Friday from last Tuesday, Il Sole 24 Ore said.

ASCOPIAVE

Italy’s antitrust on Thursday gave a conditional nod to Ascopiave’s acquisition of AcegasApsAmga assets.

(*) ALITALIA, ATLANTIA

There are many alternatives to winding up Alitalia, junior Economy Minister Stefano Buffagni told Corriere della Sera. The government is assessing all options, he said when asked if state intervention was the only thing left.

Corriere said the government was set to offer a three-week delay to a deadline to find an agreement over rescuing the troubled airline.

After its refusal to enter the consortium to rescue Alitalia, Atlantia once again faces the threat of having its motorway concessions revoked, MF reported. Citing rumours, the paper said Prime Minister Giuseppe Conte, following a recent meeting, has basically decided to start the process.

DIARY

Rome, ruling coalition meeting on ESM reform (0730 GMT).

Rome, Italian Prime Minister Giuseppe Conte meets Armenian counterpart Nickol Pashinyan (1200 GMT).

Rome, Italian Economy Minister Roberto Gualtieri due to meet past European Commissioner for Economic and Financial Affairs Pierre Moscovici.

Rome, Leonardo Foundation ends conference on “Ethical and legal status of Artificial Intelligence” (0830 GMT); Prime Minister Giuseppe Conte gives speech (1400 GMT).

Rome, Prime Minister Giuseppe Conte due to meet ArcelorMittal representative Lakshmi Mittal on ILVA plant (1730 GMT).

Rome, Bank of Italy presents website with Alessandra Perrazzelli (0830 GMT); Governor Ignazio Visco attends a speech (1000 GMT); Financial stability report (1700 GMT).

Rome, meeting with ArcelorMittal and trade unions.

Milan, ‘Made in Italy 2019 TOP Companies’, Prada Chairman Carlo Mazzi to attend (1330 GMT).

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

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