Corrected: Italy - Factors to watch on June 19

Caleffi SpA

19/06/2014 08:12

(In UniCredit item, corrects to show paper says bank to pay 700 
million euros for the increased stake, not valuing the whole of 
Tiriac Bank at that level) 
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 (*). 
 
    ECONOMY 
    The International Monetary Fund will urge the European 
Central Bank to increase efforts to ward off the risk of 
deflation with steps including programmes to purchase government 
bonds, according to a person who has seen the recommendation. 
 urn:newsml:reuters.com:*:nL6N0OZ2ZL 
    Italy moved to help small- and medium-sized businesses with 
their electricity costs and launched a package of measures to 
improve investment under legislation introduced last week and 
detailed to reporters on Wednesday.  urn:newsml:reuters.com:*:nL6N0OZ1RL 
     
    DEBT 
    The Italian Treasury said on Wednesday it would exchange up 
to 2.5 billion euros ($3.4 billion) in fixed-rate bonds (BTPs) 
and floating-rate bonds linked to 6-month Euribor (CCTEUs) at a 
buy-back operation on June 20.  urn:newsml:reuters.com:*:nR1N0OX005 
     
    COMPANIES 
    GENERALI  GASI.MI  
    The Italian insurer could seal a deal to sell its Swiss 
private banking unit BSI to Brazil's Banco BTG Pactual 
 BPAC3.SA  by the end of this month, sources close to the matter 
said on Wednesday.  urn:newsml:reuters.com:*:nL6N0OZ2FF 
     
    WORLD DUTY FREE  WDF.MI  
    The Italian travel retailer said on Wednesday its board had 
approved the merger of its Spanish subsidiaries. The board has 
also a green light to a share buy-back programme for up to 5 
percent of its capital.  
     
  * BANCO POPOLARE  BAPO.MI  
    The bank may consider postponing the sale of its Release bad 
bank unit as suitors Blackstone, Prelios-Fortress and PIMCO-GWM 
are offering a price that is too low, Il Sole 24 Ore said in an 
unsourced report. 
   
  * INTESA SANPAOLO  ISP.MI  
    Gian Maria Gros-Pietro, the bank's management board 
chairman, told Il Sole 24 Ore that proposals to revise the 
lender's governance addressing criticism from the Bank of Italy 
that there are too many board seats will be presented in coming 
months.    
             
    ENI  ENI.MI            
    Zubair field In Iraq is not currently affected by the 
turmoil there, a spokesman for the Italian oil and gas major 
said on Wednesday, adding the company was keeping essential 
personnel in place.  urn:newsml:reuters.com:*:nI6N0OQ00H 
     
    BANCA POPOLARE EMILIA ROMAGNA  EMII.MI   
    The Italian lender said on Wednesday it had got market 
regulator Consob's approval for its planned 750 million-euro ($1 
billion) share offer, set to start on June 23.  urn:newsml:reuters.com:*:nI6N0N800X 
     
    FINMECCANICA  SIFI.MI  
    The aerospace and defence group denied on Wednesday rumors 
circulating in the press according to which its loss-making 
AnsaldoBreda unit would be incorporated in Finmeccanica. 
 L6N0OZ3EC  
     
  * UNICREDIT  CRDI.MI  
    UniCredit's Bank Austria is set to increase its stake in 
Romania's Tiriac Bank to 96 percent from a current 50.5 percent 
paying 700 million euros partly in cash, Il Messaggero said in 
an unsourced report. 
     
    IPO 
    Italian business credit data provider Cerved  CEVTE.UL  said 
on Wednesday it aimed to make its debut on the Milan bourse on 
June 24 with a stock market value of 995 million euros ($1.35 
billion).  I6N0OQ00G  
     
  * SEAT PAGINE GIALLE  PGIT.MI  
    A meeting of the creditors of the yellow pages' company has 
been rescheduled to July 10, the company said on Wednesday. 
     
    ALITALIA  
    Trade union representatives said at a meeting on Wednesday 
they would not back the 2,251 layoffs envisaged by the 
preliminary agreement with Gulf airline Etihad, Corriere della 
Sera reported.  
     
    JUVENTUS  JUVE.MI   
    The football club said on Wednesday it had terminated, in 
favour of Torino, the current player sharing deal for Italian 
striker Ciro Immobile.  L6N0OZ39A  
     
    ACQUE POTABILI  ACP.MI  
    Sviluppo Idrico (Iren Group  IREE.MI  and Smat Torino) 
voluntary takeover offer on Acque Potabili shares ends. 
     
    CALEFFI  CLFF.MI  
    Bond holders "Prestito Obbligazionario 2013-2016" meeting 
(1300 GMT). 
     
    MOVIEMAX MEDIA GROUP  MMG.MI  
    Bond holders' meeting "Moviemax 8% 2013-2019" (0900 GMT). 
     
    PIERREL  PRL.MI  
    Annual and extraordinary shareholders' meeting (0800 GMT). 
     
    Annual general meetings: LA DORIA  LDO.MI  (0900 GMT), 
PRELIOS  PCRE.MI  (0900 GMT). 
     
    ((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/  
 
 
Keywords: ITALY FACTORS/JUNE 19