Italy - Factors to watch on Nov. 25

Cementir Holding NV

25/11/2019 05:00

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
    Italy should use ongoing talks over the reform of the euro
zone bailout fund, the ESM, to secure something for itself such
as the appointment of an Italian to head the fund, Bank of Italy
Deputy governor Fabio Panetta said on Saturday.  urn:newsml:reuters.com:*:nL8N2831H0
    A proposed reform of the ESM will not involve automatic debt
restructuring for struggling countries, Germany's Finance
Minister Olaf Scholz told daily newspaper La Repubblica in an
interview published on Saturday.  urn:newsml:reuters.com:*:nL8N283075
    
    ECONOMY
    Risks to financial stability have declined in Italy
following the fall in sovereign bond yields but a weak growth
outlook and high public debt makes the country vulnerable to any
market tensions, the Bank of Italy said on Friday.  urn:newsml:reuters.com:*:nR1N28202V
    
    DEBT
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Nov. 28.
    Treasury said on Friday it would offer 6.5 billion euros of
6-month bills at auction on Nov. 27.  urn:newsml:reuters.com:*:nL8N2822N9
    
    COMPANIES
    SIAS  SIS.MI , ASTM  ATMI.MI 
    A motorway bridge collapsed on Sunday in Italy's
northwestern region of Liguria near the coastal city of Savona,
following a massive landslide caused by recent heavy rain but no
casualties had been reported to date, SIAS, the company which
operates the toll-highway, said in a statement.  urn:newsml:reuters.com:*:nL8N2840JE
    
    UNICREDIT  CRDI.MI 
    Italy's biggest lender has struck a deal to reduce its
exposure to Turkey's Yapi Kredi  YKBNK.IS , three sources told
Reuters, a move seen as a first step towards the Italian bank's
full exit from the recession-hit country.  urn:newsml:reuters.com:*:nL8N2824UI
    
    BANKS
    The Bank of Italy said on Friday that stress tests it
conducted this year among small Italian banks showed that six
lenders would have insufficient capital under an adverse
scenario.  urn:newsml:reuters.com:*:nR1N28202W
    
    ASSICURAZIONI GENERALI  GASI.MI 
    Italy's largest insurer is ready to present by year-end a
formal offer to buy the European activities of U.S. rival
MetLife  MET.N , Bloomberg said on Friday. It added Generali's
proposal would value the assets around 3 billion euros.
    
    FIAT CHRYSLER  FCHA.MI 
    French carmaker PSA  PEUP.PA  plans to sign a $50 billion
merger deal with the Italian American rival this year, a source
with direct knowledge of PSA's thinking said on Friday, brushing
off concerns over a shock lawsuit filed this week.  urn:newsml:reuters.com:*:nL8N2824SW
    
    MEDIASET  MS.MI 
    French media giant Vivendi  VIV.PA  is in talks to sell back
to Mediaset two-thirds of its 29% stake in the Italian
broadcaster at 2.77 euros per shares plus a compensation as a
part of an agreement to settle a three year old legal dispute,
two sources close to the matter said. They added Mediaset wanted
to include in any agreement a standstill clause barring Vivendi
from buying shares of MFE - the Dutch holding into which it
plans to merge its Spanish and Italian businesses - for a
certain period.
    The two groups are in talks to reach a total price of at
least 3.1 per share, daily Il Sole 24 Ore said on Saturday.
    The sale of Vivendi's shares in Mediaset could be split over
time in two tranches, allowing the French group to receive an
extraordinary dividend as part of Mediaset's plan to merge its
Spanish and Italian businesses, daily Il Corriere della Sera
said on Saturday. 
    
    ATLANTIA  ATL.MI 
    Then infrastructure group offered the government to cut
motorway tolls by 5% a year until 2038, as part of its effort to
avoid the risk of having its motorway concession revoked as a
consequence of the collapse of Genoa bridge last year, daily Il
Corriere della Sera said on Sunday.
    Toll road operator unit Autostrade said on Friday Deputy
Chairman Giancarlo Guenzi resigned from its board due to
"growing commitments" connected to his job of general manager in
parent company Atlantia.  urn:newsml:reuters.com:*:nS8N22J08X 
    
    ALITALIA (unlisted)
    Italy's Industry ministry might appoint a new commissioner
with a 6 to 12 month mandate to restructure the ailing carrier,
daily La Repubblica said on Sunday, adding a candidate was
Michael Kraus, the former head of Air Dolomiti, a Lufthansa unit
 LHAG.DE . As part of this plan Alitalia would be split in three
parts - flight, maintenance and ground operations - to
eventually become more attractive for Lufthansa or Delta
 DAL.N , the report added.
    Economy Minister Roberto Gualtieri said on Saturday the
government would wait for some time to understand whether a
consortium for Alitalia's rescue might form again after
infrastructure group Atlantia left it and whether Delta and
Lufthansa would compete to become the carrier's global partner.
    Losses for Alitalia will amount to almost 600 million euros
this year, 100 million euros more than in 2018, daily Il Sole 24
Ore said on Saturday quoting sources. Full year revenues will
amount to just over 3  billion euros, the report added.
    
    PRYSMIAN  PRY.MI 
    The world's largest cable maker said on Saturday the Western
Link project was taken over by the client, National Grid
Electricity Transmission and Scottishpower Transmission.
 urn:newsml:reuters.com:*:nFWN2820AY
    
    JUVENTUS  JUVE.MI 
    A late double from Gonzalo Higuain helped Juventus come from
behind to beat Atalanta 3-1 in Bergamo on Saturday and keep
Serie A top position.  urn:newsml:reuters.com:*:nL8N2831HB
    
    AS ROMA  ASR.MI 
    Defender Chris Smalling scored and then provided two assists
as AS Roma thumped bottom-of-the-table Brescia 3-0 in Serie A on
Sunday.  urn:newsml:reuters.com:*:nL4N284083
    
    LAZIO  LAZI.MI 
    Substitute Felipe Caicedo scored a stoppage-time goal as
Lazio claimed a fifth successive win in Italian soccer league by
beating lowly Sassuolo 2-1 away on Sunday.  urn:newsml:reuters.com:*:nL8N2840J8
    
    CEMENTIR  CEMI.MI 
    The concrete maker plans to bring its debt to zero in 2022
thanks to cash flows, Chairman and Chief Executive Francesco
Caltagiorne Jr told Milano Finanza in an interview published on
Saturday.
    
    BANCA INTERMOBILIARE  BIM.MI 
    Shareholders approved the board's proposal to issue new
shares for up to 100 million euros in five years, as part of the
bank's plan. 
    
    DIARY
    Rome, market regulator Consob President Paolo Savona gives
speech on "The challenge from technological innovations to the
current institutional set-up of monetary and financial markets:
some thoughts" (0900 GMT).
    Melfi, auto industry association ANFIA holds public assembly
with President Paolo Scudieri, FCA  FCHA.MI  EMEA COO Pietro
Gorlier (from 0900 GMT); Prime Minister Giuseppe Conte delivers
closing address (1030 GMT).
    Milan, Italian President Sergio Mattarella attends Bocconi
University opening ceremony of new campus (1000 GMT) and
inauguration ceremony of new academic year (1030 GMT).
    Padua, conference on banking foundations with ACRI President
Francesco Profumo (1530 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/