October 19, 2017 / 4:02 AM / a month ago

Italy - Factors to watch on Oct. 19

The following factors could affect Italian markets on Thursday.

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

Reuters releases quarterly poll on Italian economy.

(*) DEBT

Italy will offer on Nov. 13 a new BTP Italia inflation-linked bond aimed at retail investors.

COMPANIES

ATLANTIA

(*) Abertis’ board said on Thursday it viewed positively Atlantia’s offer from an industrial standpoint but thought the price could be improved. It added top shareholder Criteria Caxia, as of today, was ready to accept the share swap offer.

German builder Hochtief, controlled by Spain’s ACS, made a 17.1 billion euro ($20 bln) bid for Spanish toll road operator Abertis on Wednesday, topping a rival offer from Atlantia. Hochtief is offering 18.76 euros in cash, or 0.1281 Hochtief shares, for each Abertis share and has set a minimum acceptance threshold of 50 percent plus one share.

The Benetton family and Real Madrid President Florentino Pérez are playing a game of poker, egged on by generous debt markets. It’s the Italian fashion dynasty’s turn to raise. They probably should fold.

(*) Atlantia’s CEO Giovanni Castellucci was quoted as saying by Il Sole 24 Ore that the group would evaluate all options regarding possible changes to its offer for Abertis.

MEDIASET

Mediaset Espana, the Italian broadcaster’s Spanish unit, posted on Wednesday a 7.8 percent increase in nine-month adjusted core earnings to 199 million euros on lower revenues.

ANSALDO STS

Japan’s Hitachi is happy with its stake of just above 50 percent in Italian rail signalling group Ansaldo STS and is not planning any bid to increase it, the head of the Hitachi Rail unit said.

POSTE ITALIANE

The Italian post office said on Wednesday it had appointed Andrea Novelli to head its banking services BancoPosta unit. Novelli takes over from Marco Siracusano, who is becoming head of mobile and digital payments, Poste said.

BANCA INTERMOBILIARE

Reinsurance group Barents Re is ready to challenge in court the exclusivity that special commissioners liquidating Banca Intermobiliare have granted to investment fund Attestor over the sale of the private bank, a source with knowledge of the matter said on Wednesday. Lawyers for Barents have asked to be allowed to consult documents relating to the sale before filing a complaint.

BIM said on Wednesday it had closed the sale of its BIM Suisse unit to BancaZarattini & Co for 40 million Swiss francs.

INFRASTRUCTURE

Italian infrastructure fund F2i is in talks with investors to raise at least 3 billion euros ($3.5 billion) in what would be the biggest ever fundraising by an Italian investment firm, four sources familiar with the matter told Reuters.

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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