Italy - Factors to watch on June 13

Centrale del Latte d'Italia SpA

13/06/2016 06:22

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 Prime Minister Matteo Renzi said premiers should be 
limited to two terms in office, as he gears up for a referendum 
on constitutional reform that some fear could give excessive 
powers to the government and its leader.  urn:newsml:reuters.com:*:nL8N19408S 
     
    ECONOMY 
    ISTAT releases January-March Italian region export data 
(0800 GMT). 
     
    DEBT 
    Treasury sells BTP bonds. Subscriptions close at 0900 GMT. 
     
    COMPANIES 
    RCS MEDIAGROUP  RCSM.MI , CAIRO COMMUNICATION  CAI.MI  
    The publisher of Italy's top-selling newspaper Corriere 
della Sera rebuffed on Friday a takeover offer by rival Cairo 
Communication.  urn:newsml:reuters.com:*:nI6N18T00O 
    Italy's market watchdog Consob on Friday approved the 
prospectus of a takeover bid on RCS by private equity firm 
Investindustrial and a group of RCS investors that will run from 
June 20 to July 15.  urn:newsml:reuters.com:*:nI6N18T00P 
    Investindustrial and its consortium is prepared to accept a 
take up of just 30 percent of RCS Mediagroup capital in its bid, 
the offer's prospectus said. 
    Cairo's takeover bid on RCS MediaGroup shares starts on 
Monday, ends on July 8. 
     
    UNICREDIT  CRDI.MI , UBI BANCA  UBI.MI  
    Adviser Egon Zehnder has drawn a tentative list of CEO 
candidates, including BofA-ML Italy head Marco Morelli, 
Mediobanca CEO Alberto Nagel, Credit Agricole's Cariparma unit 
CEO Alberto Maioli and CDP CEO Fabio Gallia, who has said he is 
committed to the state agency, Corriere della Sera reported.  
    The paper quoted sources close to the matter as saying that 
an outsider could be picked if there is no accord over one of 
three names to be submitted to the corporate governance 
committee -- in that case UBI CEO Victor Massiah could be a 
possible choice. 
     
    SALINI IMPREGILO  SALI.MI  
    The general contractor said on Friday it plans to issue a 
five-year bond worth 200 million euros tailored for 
institutional investors. The group has mandate Banca IMI, BNP 
Paribas, Goldman Sachs International, Natixis and UniCredit to   
        organise the roadshow.  urn:newsml:reuters.com:*:nBIA10235  
     
    BANCO POPOLARE  BAPO.MI  
    Asset manager Algebris Investments has bought rights to buy 
into Banco Popolare's share issue, CEO Davide Serra told 
Class-CNBC in an interview published by Milano Finanza on 
Saturday. 
    The bank's 1-billion euro share issue is going well but 
market conditions are very tough, Banco Popolare Chairman Carlo 
Fratta Pasini said on Friday. 
     
    VENETO BANCA  IPO.BPVS.MI  
    The bank's chairman told Il Sole 24 Ore on Sunday the 
climate among shareholders was not negative. He said he did not 
know if bank bail-out fund Atlante would acquire control of the 
bank after its capital hike but added "it seems to me a 
possibility that is far from being remote or disastrous". He 
said further down the road a tie-up with others was necessary 
providing it was not of a "colonial" nature. 
     
    ENEL  ENEI.MI  
    Chairwoman Patrizia Grieco told Corriere della Sera on 
Saturday it was "virtually impossible though technically 
possible" that institutional investors appointed a majority of 
members on the utility's board. 
    Fitch Ratings on Friday affirmed Enel's long term rating at 
'BBB+' with a stable outlook.  urn:newsml:reuters.com:*:nFit961544 
     
    ENI  ENI.MI  
    Norway's Goliat offshore production facilities are currently 
producing about 80,000 barrels of oil per day (bpd) and will 
soon reach a peak production of about 100,00 bpd, Eni said on 
Friday after CEO Claudio Descalzi visited to plant. 
         
    TELECOM ITALIA  TLIT.MI   
    CK Hutchison Holdings  0001.HK  and Vimpelcom  VIP.O  have 
offered to divest a chunk of spectrum, more than 8,000 network 
sites and a roaming deal to a small rival in a bid to convince 
EU regulators to approve their planned Italian mobile merger. 
 urn:newsml:reuters.com:*:nL8N19248Z 
    The new CEO Flavio Cattaneo plans to appoint George Nazi, 
who joined Telecom Italia in February, as new technology chief 
after Roberto Opilio resigns joining a growing list of top 
managers who have recently left the group, Corriere della Sera 
reported on Saturday. 
     
    PIQUADRO  PQ.MI  
    Board meeting on FY results. 
     
    IPOs 
    Italian Special Purpose Acquisition Vehicle (SPAC) Space2 
has submitted an offer to state-backed Fondo Strategico Italiano 
for Valvitalia with a view to an eventual listing the valves 
group, Il Sole 24 Ore reported on Saturday. 
     
    Trade ex-dividend: FNM-FERROVIE NORD MILANO  FNMI.MI  of 
0.014 euro per share; TECNOINVESTIMENTI  TECNO.MI  of 0.08 euro 
per share. 
     
    ((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 13