July 18, 2019 / 4:00 AM / 5 months ago

Italy - Factors to watch on July 18

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 .

POLITICS

Italy’s coalition parties clashed on Wednesday over the election of Germany’s Ursula von der Leyen as the next president of the European Commission, in a vote that could endanger Rome’s hopes of securing a top job in the new EU executive.

Italy still has time to dissolve parliament and go to elections after the summer break, Deputy Prime Minister Matteo Salvini told daily Il Corriere della Sera.

Italy’s government, formed by the 5-Star Movement and the League party, will not fall as it is “the only possible one”, Deputy Prime Minister Luigi Di Maio told daily Il Corriere della Sera.

TELECOMS

Italy has bowed to pressure from Chinese telecoms equipment makers Huawei Technologies and ZTE and will drop emergency legislation strengthening state powers to intervene in the development of 5G services, lawmakers said on Wednesday.

TELECOM ITALIA, INWIT

The telecoms group has no plans to sell its data-centre operations, Chief Executive Officer Luigi Gubitosi said. He added that a plan to strengthen data-centres would be presented in autumn. According to a press report TIM was considering a plan to sell assets worth around 2 billion euros, including a stake in its INWIT towers unit.

ENI

The Italian oil and gas group has filed a fraud complaint against its former head of oil trading over a suspect Iraqi crude oil shipment, amid concerns inside the Italian oil major that the failed delivery may have included Iranian crude targeted by U.S. sanctions.

UBI BANCA

The lender’s advisor will receive binding offers for a partnership in the insurance business by September 20, MF daily said.

CARIGE (unlisted)

Italian banks are set to fund the bulk of a 900 million euro rescue plan for troubled regional lender in a last-ditch attempt to avert liquidation, three sources close to the matter said.

ESSILORLUXOTTICA, SAFILO

Dutch optical retailer GrandVision NV said on Wednesday it was approached by EssilorLuxottica and HAL Holding for a possible transfer of HAL’s majority stake in the company to the French eyewear group. HAL is the top shareholder through a subsidiary of Italian eyewear maker Safilo.

TREVI

The Italian drilling group said on Thursday it approved a debt restructuring deal and a capital strengthening transaction, envisaging a recapitalisation up to 213 million euros.

ATLANTIA

The Italian infrastructure group and state railway Ferrovie dello Stato will hold on Thursday a first meeting to discuss a rescue plan for national carrier Alitalia, Il Sole 24 Ore said.

(*) JUVENTUS

The Turin-based Serie A club signed Dutch player Matthijs de Ligt, for a consideration of 75 million euros in five years, and additional costs of 10.5 million euros.

EDISON, EDF

Edison completed the acquisition of parent EDF’s Italian renewable energy assets for 172.3 million euros, the Italian energy group said on Wednesday.

CIR, COFIDE

Shareholders of both holding companies meet to approve a merger plan through incorporation of Cir into Cofide.

AS ROMA

The Rome-based soccer club said on Wednesday it had signed Italian defender Gianluca Mancini from Atalanta in a deal that could be worth up to 23 million euros.

Board meetings on H1 results: BB Biotech

DIARY

Rome, Prime Minister Giuseppe Conte attends meeting of Space Policy Interministerial Committee (1230 GMT).

Rome, Ferrovie dello Stato presents sustainability report with CEO Battisti, Transport Minister Danilo Toninelli (0915 GMT)

Barzago, Deputy Prime Minister Matteo Salvini attends Lega party (1830 GMT).

Milan, IR Top Consulting presents annual report on AIM Italia (0900 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

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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