Italy - Factors to watch on Nov. 28

H-Farm SpA

28/11/2016 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 . 
     
    ECONOMY 
    Italian Prime Minister Matteo Renzi won a confidence vote in 
the lower house of parliament on Friday that takes him a step 
towards passing a 2017 budget law that raises pension and health 
spending and heads off a huge sales-tax increase. urn:newsml:reuters.com:*:nL8N1DQ3HO 
    ISTAT releases November business and consumer confidence 
data (0900 GMT). 
    Chamber of Deputies holds final vote on next year's budget 
law; followed by new conference by Prime Minister Matteo Renzi 
and Economy Minister Pier Carlo Padoan. 
     
    POLITICS 
    When a handful of European leaders met Barack Obama in 
Berlin this month to say their goodbyes, Italian Prime Minister 
Matteo Renzi informed the group that he may well lose power 
before the U.S. president.  urn:newsml:reuters.com:*:nL8N1DQ3ZL 
         
    DEBT 
    Treasury sells 6 billion euros 6-month BOT bills. 
Subscriptions close at 1000 GMT. 
     
    COMPANIES 
    MONTE DEI PASCHI DI SIENA  BMPS.MI  
    State lender Cassa Depositi e Prestiti is not a bank and 
does intend to become one, CDP's CEO Fabio Gallia told Corriere 
della Sera on Saturday when asked whether the institution was 
willingly to invest in Monte dei Paschi. 
    Qatar Investment Authority could invest in the bank a 
lower-than-expected sum of 750 million euros, la Repubblica 
reported on Saturday, while other newspapers said that Qia could 
inject 1 billion euros. 
    Several Italian newspapers reported on Saturday that the 
bank's top executive would meet hedge funds and private equity 
firms in London and New York in coming days to convince them to 
invest in the lender.  
    Monte dei Paschi bought around 70 million euros in five of 
the 11 bonds included in its debt-to-equity swap offer, the bank 
said in a statement on Sunday.   
    If the Tuscan bank is able to get 1.5 billion euros from a 
planned debt swap offer it could successfully complete its 
5-billion-euro capital boosting plan even if the 'No' camp wins 
at Dec. 4 referendum, Il Sole 24 Ore reported on Sunday citing 
some of the bank's advisers.  
     
    GENERALI  GASI.MI       
    The insurer's committee for investments will meet on Monday 
to discuss the possibility to swap into shares the Monte dei 
Paschi's subordinated bonds it holds, Il Sole 24 Ore reported on 
Sunday. 
     
    ENI  ENI.MI  
    BP has agreed to buy 10 percent of Eni's Shorouk concession 
offshore Egypt, which includes the giant Zohr gas field, for 
$375 million, joining other oil majors in increasing bets on the 
growing gas market. urn:newsml:reuters.com:*:nL8N1DQ3VP 
     
    UNICREDIT  CRDI.MI  
    France's Amundi has submitted the highest offer to buy 
Italian UniCredit's asset manager, Pioneer, while a consortium 
led by Poste Italiane and Ameriprise Financial are scrambling to 
stay in the race, three sources close to the matter said on 
Friday. urn:newsml:reuters.com:*:nL8N1DQ2W8 
     
    MEDIASET  MS.MI , TELECOM ITALIA  TLIT.MI  
    Telecom Italia could clinch an alliance with Mediaset pay-TV 
unit Premium to sell the broadcaster's products to its clients, 
Il Sole 24 Ore reported on Saturday adding, however, this was 
only a theoretical option to resolve an impasse between Mediaset 
and Vivendi over the pay-TV.  
    France media group Vivendi  VIV.PA  has not closed the door 
to negotiations with Mediaset over the Italina group's pay-TV 
unit Premium, Milano Finanza reported on Saturday. The paper 
said that, if the stalemate with Vivendi is not resolved, 
Mediaset could also explore the alternative scenario of selling 
Premium at discount to Sky Italia.  
    In an interview with TV broadcaster La7, Tunisian 
businessman Tarak Ben Ammar said he hoped that Mediaset and 
Vivendi could reconcile and added it was not possible to exclude 
a solution of the row between the two groups. Ben Ammar knows 
well both Silvio Berlusconi, whose family controls Mediaset, and 
Vivendi's largest shareholder Francois Bollore.  
         
    LUXOTTICA  LUX.MI  
    The eyewear group said on Friday it had exercised an option 
to acquire the remaining 63.2 percent stake in Salmoiraghi & 
Vigano, taking control of one of the country's leading optical 
chains. urn:newsml:reuters.com:*:nI6N1DO00J 
     
    UBI BANCA  UBI.MI  
    The lender has received a preliminary nod from the European 
Central Bank to buy three of the four small domestic lenders 
that were rescued one year ago, two sources close to the matter 
said on Friday. The ECB declined to comment, while UBI said it 
had not yet received any notification from the ECB. urn:newsml:reuters.com:*:nL8N1DQ3UM 
    The bank will have to boost its capital by around 400 
million euros after the acquisition of the three rescued 
lenders, la Stampa reported on Saturday. 
    The merger between BPU Banca and Banca Lombarda, which 
generated UBI Banca, was decided to avoid a takeover of Spanish 
Banco Santander on Banca Lombarda, Banca Lombarda former vice 
president Giovanni Bazoli told Il Corriere della Sera on 
Saturday. Bazoli denied any wrongdoing few days after Italian 
prosecutors said they had completed an investigation into the 
country's fifth-biggest bank. 
 
    BPER  EMII.MI  
    The shareholders approved the transformation of Banca 
popolare dell'Emilia Romagna from a cooperative into a 
joint-stock company with a majority of 99.80 percent of the 
votes cast, BPER said on Saturday.  urn:newsml:reuters.com:*:nBIA26249 
    BPER's CEO said the bank could look for a tie-up with other 
Italian lender next year, several newspapers reported.  
   
    TELECOM ITALIA  TLIT.MI  
    France's Vivendi held a 23.28 percent stake in the phone 
group as of Nov. 23, a filing by market regulator Consob showed 
on Friday.  
     
    ALERION CLEAN POWER  ARN.MI  
    Edison said on Friday its unit Eolo Energy bought further 
shares in Alerion Clean Power outside its takeover bid on the 
company, raising its stake in Alerion to 12.015 percent.  
     
    ASTM  ATMI.MI  
    Trades ex-dividend of 0.20 euro per share as 2016 interim 
dividend. 
     
    H-FARM  HFARM.MI  
    Extraordinary shareholders' meeting (1500 GMT). 
     
    IVS GROUP  IVS.MI  
    Board meeting on Q3 results. 
     
     
    ((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/NOV. 28