Italy - Factors to watch on February 23

Centrale del Latte d'Italia SpA

23/02/2015 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 
    Italian Economy Minister Pier Carlo Padoan and Swiss Federal 
Councillor Eveline Widmer-Schlumpf sign "Protocoll to Amend CDI 
and roadmap" (1500 GMT). 
     
    TREASURY 
    Treasury announces sale of BTP and CCTeu bonds, with 
relative amounts to be auctioned on Feb. 26. 
     
    COMPANIES 
    FINMECCANICA  SIFI.MI  
    Hitachi remains frontrunner for Finmeccanica's rail assets 
after a board meeting of the Italian defence group on Friday but 
has not yet made a binding offer, Il Sole 24 Ore said on 
Saturday. Its offer along with the binding offer of China's 
Insigma are still on the table, it said. 
    Il Messaggero said Finmeccanica's CEO had been given a 
mandate to complete the sale to Hitachi and the Japanese group  
would make a binding bid on Feb. 24. The whole deal is worth 1.8 
billion euros, it said. 
     
    BAD BANK 
    The Bank of Italy and Treasury want to unlock 30 billion 
euros of bad loans through a bad bank vehicle with a view to 
strengthening lenders' balance sheets and lending on the cash to 
businesses, Il Messaggero said on Sunday. The banks will be 
involved in the project, though UniCredit and Intesa Sanpaolo 
are excluded since they have already made big loan writedowns, 
it said. In the next two weeks the central bank should call UBI 
Banca, Monte dei Paschi, Banco Popolare, Popolare Milano, 
Popolare Emilia Romagna and Banca Carige, with a few more, it 
said. 
     
    ENI  ENI.MI  
    According to an Egyptian presidential statement, President 
Abdel Fatah al-Sisi met on Saturday with Eni CEO Claudio 
Descalzi who said Eni intends to increase its investments in 
Egypt in the coming period. 
     
    UNICREDIT  CRDI.MI  
    The sale by the bank of three properties in Rome worth 
around 250 million euros has attracted some 40 bidders, Il Sole 
24 Ore said on Saturday. The first non-binding offers should 
arrive by April 3, it said. The sale should complete before 
summer. 
     
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI  
    The banking foundation that owns around 2.5 percent of the 
bank has the liquidity to meet its part in the planned 3 billion 
euro rights issue, the foundation's president said on 
Friday. ID:nL5N0VU3RR  
     
    EI TOWERS  EIT.MI , VIMPELCOM  VIP.O   ABERTIS  ABE.MC  
    Vimpelcom, which owns Italian telecoms company Wind, has 
sent a fax to Ei Towers and infrastructure fund F2i to ask if 
they are still interested in Wind's radio masts despite having 
given an exclusive to Spain's Abertis, Il Sole 24 Ore said on 
Saturday, citing rumours. 
    
    PRADA  1913.HK  
    Italian luxury fashion house Prada reported a 1 percent dip 
in annual revenue on Sunday and said it would have to contain 
costs as growing retail sales in the Americas and Japan failed 
to offset declines in Greater China and Europe.  ID:nL5N0VW0BZ  
     
    TELECOM ITALIA  TLIT.MI  
    The government was due to present the package of incentives 
designed to help develop fibre optic networks in Italy on Feb. 
27 but the deadline is likely to slip to early March, Corriere 
della Sera said on Sunday. 
     
    TERNA  TRN.MI , SNAM  SRG.MI  
    The government has sent plans to Brussels to tap EU 
investment fund resources for a series of infrastructure 
projects including Terna's power cable to Montenegro and its 
Italy-France interconnector as well as Snam pipeline projects 
and a gas storage facility, La Repubblica said on Sunday. 
     
    PRELIOS  PCRE.MI  
    Prelios has presented a non-binding offer to buy a real 
estate area in Milan worth 320 million euros, Il Sole 24 Ore 
said on Saturday. 
          
    VENETO BANCA 
    The probe by Rome prosecutors will have no impact on the 
bank's operating or capital performance, chairman Francesco 
Favotto said in an interview in Il Sole 24 Ore on Saturday. The 
probe is only into results up to 2013, he said, adding CET1 
ratio was above regulatory requirements and signed off by the 
ECB. 
     
    UTILITIES 
    Italy intends to scrap the standard electricity and gas 
tariff regime for households and small firms from 2018 as part 
of efforts to liberalise the retail power market, Industry 
Minister Federica Guidi said on Friday.  ID:nL5N0VU3XJ  
 
    SOGEFI  SGFI.MI  
    Board meeting on FY results on Monday. 
     
    ((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/FEBRUARY 23