Italy - Factors to watch on Jan. 2
02/01/2017 07:26
The following factors could affect Italian markets on Monday.
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
IT/DIA .
POLITICS
(*) Italian President Sergio Mattarella said on Saturday that
the country must adopt a new electoral law before a national
vote can be called. urn:newsml:reuters.com:*:nL5N1EQ0F5
ECONOMY
Markit/ADACI releases December PMI manufacturing (0845 GMT).
Transport Ministry releases December car sales data (1700
GMT).
December state sector borrowing requirement data.
COMPANIES
Bourse After Hours market closed.
There could be some 30 IPOs in 2017, Raffaele Jerusalmi,
chief executive of Borsa Italiana, told Il Sole 24 Ore in an
interview on Saturday.
ATLANTIA ATL.MI , AUTOSTRADE MERIDIONALI AUMI.MI
Italy set 2017 toll-road tariffs for 23 different
concessions on Friday, with an average increased cost to
travelers estimated at 0.77 percent. urn:newsml:reuters.com:*:nL5N1EQ074
UBI UBI.MI
Several papers reported that UBI's purchase of three small
banks rescued last year has been delayed because the European
Central Bank has said other potential buyers be consulted again.
As a consequence, bank-bailout fund Atlante's offer for
two-thirds of the gross problem loans held by the three small
banks is likely to be delayed as well, il Messaggero said on
Saturday.
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
With a state-bailout underway, the troubled lender is
planning to issue 15 billion euros ($15.77 billion) of debt next
year to boost liquidity and restore confidence, newspapers said
last week. The first two bonds will be issued in January and
February, Il Sole 24 Ore reported on Saturday. urn:newsml:reuters.com:*:nL5N1EP0I8
The bank's board, which met on Friday, is mulling the idea
of creating a "bad bank" vehicle for its non-performing loans,
which eventually could also take in bad debt from other Italian
lenders, the Sole said.
BANCO BPM BAMI.MI
Shares in newly merged bank start trading on Milan Stock
Exchange.
(*) Banco BPM said on Monday the new lender starts off with a
share capital of 7.1 billion euros and that the shares of the
merging companies are swapped on the basis of the following
ratios: one Banco BPM share for every Banco Popolare BAPO.MI
share and one Banco BPM share for every 6.386 BPM PMII.MI
shares, with a cash settlement for any residual fractions
resulting from the stock swap by intermediaries.
The own shares held by Banco Poplare and by BPM are canceled
with no share exchange, the statement added. urn:newsml:reuters.com:*:nBIA0206d
(*) MEDIASET MS.MI
Silvio Berlusconi has been contacted directly by other
shareholders of the group - with a total stake of between 15 to
20 percent - who have declared themselves ready to support the
Berlusconi family's position, in case of need against France's
Vivendi VIV.PA , daily il Corriere della Sera reported on
Monday, citing sources close to the matter.
The report added that the investors have been shareholders
since the listing of the group, almost twenty years ago, and
would allow the Berlusconi family to have an absolute majority
in Mediaset.
It added that Vivendi might not want to launch a takeover
bid as considered too costly, but could call a board meeting
seeking to increase the number of board members to 21 - from the
current 17 - though without necessarily being able to do so.
Italy's Industry Minister reiterated on Monday that the
government did not like the methods used by Vivendi in its stake
building in Mediaset and that it awaits the decisions by market
regulator Consob and the communications authority on the matter,
in an interview with Corriere della Sera.
(*) LUXOTTICA LUX.MI
The SEC's Corporate finance commission has asked the Italian
eyewear group several questions on its governance and on the
roles of its management, including that of CEO Massimo Vian,
reported Il Sole 24 Ore on Saturday. The company answered that
the chief operating decision maker is chairman Leonardo Del
Vecchio and that any decision taken by Vian, on both products
and operations, requires a green light by Del Vecchio, Il Sole
24 Ore added.
((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.com))
For Italian market data and news, click on codes in
brackets:
20 biggest gainers (in percentage)............ .PG.MI
20 biggest losers (in percentage)............. .PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib index........ .FTMIB
FTSE Allstars index... .FTSTAR
FTSE Mid Cap index.... .FTITMC
Block trades.......... .BLK.MI
Stories on Italy...... IT-LEN
For pan-European market data and news, click on codes in
brackets:
European Equities speed guide................... EUR/EQUITY
FTSEurofirst 300 index.............................. .FTEU3
DJ STOXX index...................................... .STOXX
Top 10 STOXX sectors........................... .PGL.STOXXS
Top 10 EUROSTOXX sectors...................... .PGL.STOXXES
Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S
Top 25 European pct gainers....................... .PG.PEUR
Top 25 European pct losers........................ .PL.PEUR
Main stock markets:
Dow Jones............... .DJI Wall Street report ..... .N
Nikkei 225............. .N225 Tokyo report............ .T
FTSE 100............... .FTSE London report........... .L
Xetra DAX............. .GDAXI Frankfurt market stories .F
CAC-40................. .FCHI Paris market stories... .PA
World Indices..................................... 0#.INDEX
Reuters survey of world bourse outlook......... EQUITYPOLL1
Western European IPO diary.......................... WEUIPO
European Asset Allocation........................ EUR/ASSET
Reuters News at a Glance: Equities............... TOP/EQE
Main currency report:............................... FRX/
($1 = 0.9512 euros)
($1 = 0.9512 euros)
Keywords: ITALY FACTORS/JAN. 2