Italy - Factors to watch on Sept. 18

Caltagirone Editore SpA

18/09/2017 07:54

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 
    Rome, "The Italian Banking Conference" organised by Luiss 
University, expected attendees include Eni  ENI.MI  and Luiss 
President Emma Marcegaglia, Economy Minister Pier Carlo Padoan, 
ECB Supervision Board Member Ignazio Angeloni, Banco BPM 
 BAMI.MI  CEO Giuseppe Castagna, Intesa Sanpaolo  ISP.MI  
Chairman Gian Maria Gros-Pietro, state lending agency Cassa 
Depositi e Prestiti CEO Fabio Gallia, UBI Banca  UBI.MI  CEO 
Victor Massiah, Quaestio President Alessandro Penati, Bank of 
Italy Deputy Director General Fabio Panetta, Banca Mediolanum 
 BMED.MI  CEO Massimo Doris, Deutsche Bank  DBKGn.DE  Italian 
Chief Country Officer Flavio Valeri, BlackRock  MAGCX.O  Italian 
Country head Andrea Vigano (0800 GMT). 
     
    ECONOMY 
    ISTAT releases July foreign trade data (0800 GMT). 
     
    COMPANIES 
    PIRELLI IPO 
    Pirelli holds press conference on first day of initial 
public offering (0900 GMT). The company said on Friday the IPO 
was expected to raise between 2.155 billion and 2.84 billion 
euros.  urn:newsml:reuters.com:*:nL5N1LW5DA 
(*) In the prospectus for the IPO, Pirelli said ChemChina will 
hold a stake of between 45 percent and 46.7 percent after the 
share sale, Camfin will have a holding of 10.1 percent and 11.7 
percent, while LTI stake will be between 4.9 percent and 6.6 
percent. The Marco Polo holding will be dissolved following the 
IPO.       
     
    TELECOM ITALIA  TLIT.MI , VIVENDI  VIV.PA  
    Vivendi notified the Italian government on Friday about its 
holding in Telecom Italia as required by the authorities, a 
source close to the matter said.  urn:newsml:reuters.com:*:nL5N1LW56X 
    The Italian government is poised to activate for the first 
time a 'golden power', enabling it to intervene with strategic 
companies, Industry Minister Carlo Calenda said, hinting that 
Vivendi will be penalised over Telecom.  urn:newsml:reuters.com:*:nL5N1LY0C4 
    La Repubblica daily said on Saturday Vivendi was facing a 
298 million euro fine for failing to reveal that it controlled 
Telecom. Il Sole 24 Ore said talks were going on behind the 
scenes. 
    According to Il Sole 24 Ore on Sunday, a plan being studied 
to end the standoff between Vivendi and the government would 
include dividing TIM in two companies: one owning TIM's network, 
Sparkle and Telsi and the other offering TIM's commercial 
services. State holding CDP would take a stake in the network 
company.   
    Corriere della Sera newspaper said Amos Genish, in July 
appointed general manager for operations at the group, had 
received a permit to work in Italy. It said Telecom Italia might 
make him CEO at a board meeting called for Sept. 28. 
     
(*) ASTALDI  AST.MI  
    The general contractor aims to increase its revenue to 4.5 
billion euros by 2021 and has a strategy to grow standalone, its 
Chairman Paolo Astaldi told L'Economia/Corriere della Sera on 
Monday. The company will pocket 450 million euros from asset 
sales by the end of 2018, he said.   
     
(*) GEOX  GEO.MI  
    The fashion group will open new shops in Asia and Russia, 
while the number of its store in Italy will remain unchanged and 
some outlets could be cut in Europe, the founder of the company 
told La Repubblica.              
 
(*) INTESA SANPAOLO  ISP.MI  
    Bank branches Intesa bought from Veneto Banca and Banca 
Popolare di Vicenza have been experiencing a net positive 
funding since July, Affari & Finanza/La Repubblica reported on 
Monday. 
     
(*) MEDIASET  MS.MI   
    Vivendi Chairman Vincent Bollore will focus his efforts on 
gaining influence on Italian private broadcaster Mediaset, while 
he is trying to solve a dispute with the Italian government over 
Telecom Italia, L'Economia/Corriere della Sera said in an 
unsourced report on Monday.     
     
(*) SAVE  SAVE.MI  
    Agora' Investimenti said on Friday a takeover bid on SAVE 
will start on Sept 18 until Oct. 13.     
     
    A2A  A2.MI  
    CEO Valerio Camerano attends conference "Towards I-Cities" 
in Rome (1230 GMT). 
     
    CALTAGIRONE EDITORE  CED.MI  
    Chiara Finanziaria Srl ends takeover offer on Caltagirone 
Editore shares. 
     
    Trade ex-dividend: ENI  ENI.MI  of 0.40 euro per share as 
2017 interim dividend, STMICROELECTRONICS  STM.MI  of 0.06 US 
dollars per ordinary share as quarterly dividend. 
     
    ((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/SEPT. 18