Italy - Factors to watch on October 12

Gabetti Property Solutions SpA

12/10/2015 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 . 
     
    DEBT 
    Treasury sells 7.0 billion euros of 12-month BOT bills. 
Subscriptions close at 0900 GMT. 
     
    COMPANIES 
    UBI BANCA  UBI.MI  
    The bank is talking to domestic rival Banco Popolare 
 BAPO.MI  among others about a possible tie-up; its shareholders 
on Saturday approved the lender's conversion into a joint-stock 
company, as required by a government reform of the sector that 
is expected to spur a wave of mergers between the country's 
lenders.  ID:nL8N12A088  
     
    FIAT CHRYSLER  FCHA.MI   FCAU.N  
    Ferrari's market debut on Wall Street is expected to take 
place on Oct. 21, several newspapers said on Sunday.   
    The group's luxury sportscar making unit Ferrari expects its 
U.S. initial public offering to be priced in a range of between 
$48 and $52 per share, which could value the company at up to 
$9.8 billion, it said on Friday.  ID:nL3N12959H  
    U.S. union United Auto Workers' leaders on Friday approved a 
tentative four-year contract with Fiat Chrysler Automobiles NV 
FCHA.MI FCAU.N, sending the proposed pact to 40,000 workers for 
a ratification vote.  ID:nL1N1291IL  
     
    SAIPEM  SPMI.MI   
    A consortium of banks involved in Saipem's looming 
recapitalisation has drawn up a plan that includes 4.5 billion 
euros in new, medium-term financing and a cash call for 3.5 
billion euros, Il Messaggero said on Sunday. This should lower 
Saipem's net debt to 2.2-2.4 billion euros, it said, adding that 
under the plan Eni should transfer a stake of 15-20 percent in 
Saipem to state holding CDP's investment arm.  
     
    MONTE DEI PASCHI DI SIENA  BMPS.MI  
    The bank's top management is aiming for a merger deal in 
2017, Il Giornale wrote on Saturday.  
     
    WORLD DUTY FREE  WDF.MI  
    Swiss Dufry seen holding more than 93 percent of WDF after 
the tender offer, Reuters calculations show, putting WDF on 
track to be de-listed.  ID:nI6N12603N  
     
    POSTE ITALIANE  PSTIT.UL  
    Italy's treasury set a price range for the initial public 
offering of the post office that values it at up to 9.8 billion 
euros ($11 bln), in what will be the country's biggest 
privatisation in a decade.  ID:nL8N1293OO  
    The group starts the IPO roadshow in Milan on Monday. To end 
on October 22. 
     
    GABETTI PROPERTY SOLUTIONS  GABI.MI  
    Capital increase starts; ends on Oct. 30. 
     
    WM CAPITAL  WMC.MI  
    Capital increase starts; ends on Oct. 29. 
     
    ((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/OCTOBER 12