Italy - Factors to watch on Dec. 23

Enertronica Santerno SpA

23/12/2019 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's politicians should play a bigger role in the
appointment of the Bank of Italy's governor, the leader of the
ruling 5-Star Movement said on Sunday, after the costly bailout
of a small southern bank led to criticism of the efficacy of the
central bank's supervisory role.  urn:newsml:reuters.com:*:nL8N28W04X
      
    ECONOMY
    Assogestioni releases November fund flows data.
    
    DEBT
    Treasury sells six-month BOT bills. Subscriptions close at
1000 GMT.
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Dec. 30.
    
    COMPANIES
    FTSE share indexes revision effective as of Monday.
    Bourse After Hours market closed.
    
    FIAT CHRYSLER  FCHA.MI 
    Unions at carmaker Fiat Chrysler said management had given
assurances at a meeting on Friday on jobs and a 5 billion euro
($5.5 billion) investment plan in Italy following the group's
planned merger with French rival PSA  PEUP.PA .  urn:newsml:reuters.com:*:nL8N28U4QM
    
    TELECOM ITALIA  TLIT.MI 
    The government will have to take into account the views of a
parliamentary security committee which has said Rome should
consider preventing Chinese telecoms firms from developing
Italy's 5G networks, an official said on Friday.  urn:newsml:reuters.com:*:nL8N28U5DY
    Chinese telecoms firm Huawei  HWT.UL  should be allowed a
role in Italy's future 5G network, Industry Minister Stefano
Patuanelli said on Sunday.  urn:newsml:reuters.com:*:nL8N28W07X
        
    ATLANTIA  ATL.MI , SIAS  SIS.MI , ASTM  ATMI.MI 
    Italy's government failed to agree on Saturday on a law that
would make it easier and less costly to revoke concessions to
operate motorways, a sign of division among the ruling parties
on how to handle the aftermath of a fatal road bridge collapse
last year.  urn:newsml:reuters.com:*:nL8N28V0CF  
(*) Atlantia's motorway unit Autostrade per l'Italia (ASPI)
believes a new norm on motorway concessions, which is under
discussion in Italy, risks to violate the constitution, it said
in a letter to Italy's transport and economy ministries and to
the prime minister.
    In the letter ASPI also warns that, if the new rule is
approved, it will consider its concession revoked and ask for a
multi-billion compensation. The company is evaluating every
option to protect its rights, it added in a press release issued
late on Sunday.  urn:newsml:reuters.com:*:nBIA7MbbFS

    BANCA CARIGE  CRGI.MI  (shares suspended from trading)
    The Italian lender said on Friday it had sold a portfolio of
soured loans with a gross book value of 2.8 billion euros to
state-owned bad loan specialist AMCO.  urn:newsml:reuters.com:*:nFWN28U0S3
    
    ITALIAN BANKS
(*) Bank of Italy has "positively" accomplished its supervision
duties and it is ready to account for its action on failing
lender Banca Popolare di Bari, Governor Ignazio Visco told
Corriere della Sera daily in an interview published on Monday.  
 urn:newsml:reuters.com:*:nL8N28X0GQ 
    A depositor guarantee fund financed by Italian banks will
delay a decision on how much money it intends to inject in the
rescue of ailing lender Banca Popolare di Bari until January,
the fund's chairman said on Friday.  urn:newsml:reuters.com:*:nL8N28U4UT
    Prosecutors in the southern Italian town of Bari are
investigating the former chairman of Popolare di Bari for
alleged corruption in relation to the central bank's supervisory
activity over the failing local lender, a judicial source said
on Sunday.  urn:newsml:reuters.com:*:nL8N28W0DF 
       
    MEDIASET  MS.MI 
    The Italian broadcaster said on Sunday it would hold a board
meeting on Monday to discuss a letter sent to its board on
Friday by 29% investor Vivendi  VIV.PA , and weigh possible
actions. 
    Vivendi said in the letter that proposed amendments to the
bylaws of a Dutch holding company into which Mediaset plans to
merge its businesses failed to address the French group's
concerns over the new entity's governance structure. 
    Such a structure remains detrimental for minority
shareholders, Vivendi said in the letter that was published on
Mediaset website on Sunday.
    Vivendi, which is challenging Mediaset's corporate overhaul
in court, said a loyalty share scheme to be adopted at
Dutch-based MFE could prevent other European players from
joining in the project - thwarting plans by Mediaset to use MFE
to pursue alliances with peers in Europe.
    Leading proxy adviser ISS on Friday recommended shareholders
in Mediaset vote against to the proposed changes of bylaws of
MFE at an extraordinary shareholder meeting scheduled for Jan.
10 urn:newsml:reuters.com:*:nL8N28U4VM, while Glass Lewis recommended to back the
proposal. urn:newsml:reuters.com:*:nL8N28U1HB
    
    ENI  ENI.MI 
    Italy's Eni has signed an exploration and output-sharing
deal with 100% equity interest with Albania on Friday for the
Dumre block in the centre of the Balkan state.
    
    A2A  A2.MI 
    The utility said on Friday it has signed a term-sheet with
rivals AGSM Verona and AIM Vicenza to enter exclusive talks to
set up a partnership.
    The utility has extended negotiations with Ambiente Energia
Brianza for an industrial partnership to Jan. 31, it said on
Friday.

(*) JUVENTUS  JUVE.MI , LAZIO  LAZI.MI 
    Lazio beat Juventus 3-1, their second win over the Turin
giants in little more than two weeks, to win the Italian
Supercup on Sunday, the annual meeting between the Coppa Italia
winners and Serie A champions.  urn:newsml:reuters.com:*:nL4N28W07F
    
(*) TERNIENERGIA  TRNI.MI 
    The company signed closing for the sale of four photovoltaic
plants for a total price of 4.1 million euros, it said on
Monday.  urn:newsml:reuters.com:*:nFWN28U0U5
    
(*) ENERTRONICA SANTERNO  ENER.MI 
    The company signed a 4.7 million euro contract with an
Italian company for turnkey supply of ten photovoltaic plants,
it said on Monday.  urn:newsml:reuters.com:*:nL8N28X0BQ
    
    BIO-ON  ON.MI  (shares suspended from trading)
    A court in Bologna has declared Bio-On bankrupt and
appointed bankruptcy administrators Antonio Gaiani and Luca
Mandrioli, the company said in a statement on Friday.  
    For a limited period of time, the business of the wound-up
company will be carried on to preserve the value of the assets. 
    
    DIARY
    Rome, Chamber of Deputies to give final approval to the 2020
budget.
    Rome, Italian cabinet meeting.
    
    ((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/