October 23, 2019 / 4:04 AM / a month ago

Italy - Factors to watch on Oct. 23

The following factors could affect Italian markets on Wednesday.

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

Rome, Prime Minister Giuseppe Conte speaks before COPASIR, the Parliamentary Committee for Security, on the reported secret meetings between Italian intelligence agencies and U.S. Attorney General William Barr(1300 GMT).

DEBT

Treasury sets annual real coupon on new eight-year inflation-linked ‘BTP Italia’ bond ahead of offer reserved to institutional investors (morning only).

The Treasury sold 2.99 billion euros of its latest ‘BTP Italia’ bond to small savers in a two-day offering which ended on Tuesday, bourse data showed.

The Treasury said on Tuesday it would offer up to 3 billion euros in a new November 2021 zero-coupon bond at auction on Friday. The Treasury cancelled a scheduled sale of inflation-linked bonds after this week’s offering of its latest ‘BTP Italia’ retail linker.

FIAT CHRYSLER

The auto maker said on Tuesday it would build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of around 50 million euros.. (*) New negotiations with the European Union could be an alternative to imposing tariffs on automotive imports next month, U.S. Commerce Secretary Wilbur Ross has suggested in an interview with the Financial Times published on Wednesday.

ATLANTIA

The Italian infrastructure group will hand monitoring and safety checks of its Italian motorway network to an outside company after the deadly collapse of a bridge operated by its toll-road unit, the subsidiary said on Tuesday.

ALITALIA

Lufthansa’s board will meet on Wednesday to discuss a potential involvement of the German airline in the rescue of the Italian troubled carrier, Il Messaggero reported.

ESSILORLUXOITTICA

The eyewear maker renewed an exclusive licence accord with Chanel for five years, the two companies said on Tuesday. The accord could be extended by a further three years.

MONDAD0RI

The publisher signed a deal to sell a portfolio of five magazines to the founder of La Verita daily Maurizio Belpietro, MF reported.

Mondadori’s Chief Executive Alberto Mauri told investors on Tuesday the group will pay investors a dividend in 2020, Il Sole 24 Ore reported.

UBI, BPER, UNIPOL

Unipol, top shareholder in BPER, supports the idea of a tie-up of the mid-sized regional lender with rival UBI, Il Sole 24 Ore reported.

BANCA POPOLARE DI SONDRIO

The Italian mid-sized lender aims to sell a non-performing loan portfolio worth 1.5 billion euros, Il Messaggero reported on Wednesday. The bank has invited debt servicers Fonspa, DoValue, Cerved and Prelios to submit offers by the end of the week, the newspaper added.

FINCANTIERI

The shipbuilder’s Chief Executive Giuseppe Bono dismissed the idea of a potential tie-up with defence conglomerate Leonardo, in an interview with La Stampa.

Bono said the group was “fed up with waiting” as the European Union’s Antitrust still needs to give its green light over Fincantieri’s purchase of a 50% stake in French shipbuilder Chantiers de l’Atlantique, formerly STX.

Separately, he added that an accord for a military naval alliance with France’s Naval Group was “going ahead”.

GAMENET

Gamma Bidco, a fund managed by Apollo Management IX, signed two agreements with Gamenet’s largest shareholders to buy 48.67% of the company’s share capital, at 12.5 euros per share, a statement said on Wednesday. The deal is expected to be completed by March next year and a mandatory takeover offer will be launched upon completion of the acquisition, with the aim of delisting Gamenet.

(*) JUVENTUS

The Turin-based team beat Lokomotiv Moscow 2-1 in the Champions League on Tuesday.

SNAM

Ordinary and extraordinary shareholders’ meetings (0800 GMT).

SAIPEM

Board meeting on Q3 results (press release on Oct. 24).

STMICROELECTRONICS

Board meeting on Q3 results (press release on Oct. 24).

TECHNOGYM

Board meeting on Q3 results (revenues).

TISCALI

The telecoms operator issued 197.9 million shares following the conversion of 19 bonds, subscribed for 1.9 million euros.

DIARY

Rome, IFEL holds annual conference with Regional Affairs Minister Francesco Boccia, Economy deputy ministers Laura Castelli and Antonio Misiani (0700 GMT).

Rome, conference on “Pact for research” with Chamber of Deputies Speaker Roberto Fico, Prime Minister Giuseppe Conte, Education and University Minister Lorenzo Fioramonti (0730 GMT).

Rome, Infrastructure and Transport Minister Paola De Micheli due to speak before Senate Public Works Committee (1030 GMT).

Rome, Industry Minister Antonio Patuanelli attends conference on Dante Aligheri (1500 GMT).

PM Giuseppe Conte meets Police unions (1530 GMT) and firefighters unions (1630 GMT).

Orvieto/Terni, Economy Minister Gualtieri campaigning for Umbria regional elections.

Milan, ASSINTEL presents “2020 Report” on ICT and digital market in Italy (0800 GMT).

Milan Stock Exchange ends “STAR Conference” in London.

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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