October 11, 2019 / 4:04 AM / a month ago

Italy - Factors to watch on Oct. 11

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

London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy source told Reuters on Thursday.

DEBT

Treasury sells 2.25-2.75 billion euros 0.05% BTP bonds due Jan. 15, 2023; 1.75-2.25 billion euros 2.10% BTP bond due July 15, 2026; 1.0-1.5 billion euros following two BTP bonds: 3.10% due March 1, 2040 and 3.85% due Sept. 1, 2049. Subscriptions close at 0900 GMT.

MEDIOBANCA

Leonardo Del Vecchio plans to lift its stake in the Italian bank above 10%, the Financial Times said on Thursday, after the eyewear tycoon last month snapped up a 7% stake.

(*) Del Vecchio has contacted proxy adviser Georgeson to sound out other shareholders in Mediobanca after saying the bank should be less dependent on its Generali stake and Compass unit and focus more on investment banking abroad, Il Sole 24 Ore said. The paper said he had been advised not to present for now a formal request to banking regulators to take his stake above 10% since the upshot could not be taken for granted.

(*) UNICREDIT

The bank may consider in a distant future a stock market listing for the German sub-holding group it plans to create to hold its non-Italian assets, Il Sole 24 Ore said.

SNAM

Italy’s gas grid group is planning to inject more hydrogen into its gas pipeline network and will be able to count on the backing of Rome as the new government rolls out its new climate package.

IPO - FERRETTI

The Italian yacht maker said on Thursday it had postponed the deadline for its initial public offering (IPO) to Oct. 15, with the first day of trading now expected on Oct. 21. Two sources close to the matter told Reuters the share sale had seen weak demand.

(*) ATLANTIA, ALITALIA

According to Il Messaggero Atlantia is still not in a position to make any formal move and said so on Thursday in a call with Italian railways and advisers. MF said Italian railways had turned down a proposal from Lufthansa to join the rescue of Alitalia though sources said this did not necessarily close the door to the German airline.

Delta Air Lines is still targeting an investment of around 100 million euro ($110 million) in the rescue of Italian flagship carrier Alitalia, CEO Ed Bastian told Reuters on Thursday.

(*) MONDADORI

The publisher is set to make an acquisition in the professional publications sector by the end of the year and is considering the disposal of non-strategic magazines, Il Sole 24 Ore said. According to MF, Mondadori is targeting the acquisition of Alpha Test.

MOLECULAR MEDICINE

The biotech company said it decided to withdraw for commercial reasons the Conditional Marketing Authorisation of Zalmoxis treatment.

VINCENZO ZUCCHI GROUP

Saving shares last trading day.

DIARY

Milan, Cattolica University gives honorary Economics degree to ECB President Mario Draghi (0930 GMT); followed by Draghi speech.

Milan, Moody’s Milan Banking Conference on “Mounting Risks in the Age of Transformation” with Banco BPM CEO Giuseppe Castagna, Bank of Italy representative Alessio De Vincenzo (0700 GMT).

Milan, Assiom Forex starts XVII PANEuropean Banking Meeting’s conference on “Action Plan 2019 for a sustainable and responsible union of capital markets” (1300 GMT); ends on Oct. 12. Expected attendees include European Commission representative Mario Nava.

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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