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Italy - Factors to watch on Oct. 20
October 20, 2017 / 4:04 AM / a month ago

Italy - Factors to watch on Oct. 20

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 .

ECONOMY

Ratings agency Fitch reviews sovereign debt rating on Italy.

COMPANIES

TELECOM ITALIA, MEDIASET

Telecom Italia’s main shareholder Vivendi is considering appealing the government’s decision to exercise golden powers on the phone incumbent, Il Sole 24 Ore said, adding the French group had declined to comment the issue. If TIM does not meet the government’s conditions, Vivendi might be forced to sell its 23.94 percent stake within 12 months of the special power decree, the paper said.

TIM’s board should approve on Friday a joint venture with CanalPlus in which the Italian group will have 60 percent, La Repubblica said. Further down the line the French company’s stake will fall to 20 percent to make way for Italian broadcaster Mediaset, it said.

FIAT CHRYSLER AUTOMOBILES

Shares in the car maker fell 6 percent on Thursday amid worries that problems in China were undercutting sales of flagship models such as the Maserati and Alfa Romeo sport utility vehicles.

(*) UNICREDIT

The bank will sell its loan-against-pledge business to Austria’s auction house Dorotheum, Il Sole 24 Ore said. As a result the bank should shed about 200 million euros in loans, it said.

(*) MEDIOBANCA

Several players are interested in becoming the insurance partner of Mediobanca’s retail division CheBanca to develop policies tied to loans and mortgages, MF said, adding a deal should be concluded in coming months.

SALINI IMPREGILO

The builder has placed a 500 million euros bond at an interest rate of 1.75 percent.

MONTE DEI PASCHI DI SIENA

Italy’s market watchdog could approve the bank’s prospectus on Friday, paving the way for its shares to resume trading next week.

SAVE

Shares suspended ahead of de-listing on Oct. 23.

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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