Hold Hold Italy: Factors to watch on Jan. 30

IIG SpA in Liquidazione

30/01/2017 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 1.75-2.25 billion euros CCTeu bonds due Feb. 
15, 2024; 2.25-2.75 billion euros 0.35 percent BTP bonds due 
Nov. 1, 2021; 3.5-4.0 billion euros new 2.20 percent BTP bonds 
due June 1, 2027. Subscriptions close at 1000 GMT. 
     
    COMPANIES 
    ITALY BANKS 
    Twenty billion euros earmarked by the Italian government 
will be enough to help recapitalise other weak banks after Monte 
dei Paschi di Siena  BMPS.MI , the Bank of Italy governor said 
on Saturday.  urn:newsml:reuters.com:*:nS8N15O00H 
    The boards of Banca Popolare di Vicenza and Veneto Banca 
meet on Tuesday for an update on their planned merger and 
capital requirements, according to Il Sole 24 Ore. On Wednesday, 
the top management of the two banks will go to Frankfurt for 
discussions with the ECB, the paper said on Sunday., adding 9 
billion euros of gross bad loans could be spun off as part of 
the plan. 
     
    MONTE DEI PASCHI DI SIENA  BMPS.MI  
    An ECB inspection of the bank's loan portfolio is still 
under way, a top Bank of Italy official told Reuters on 
Saturday.  urn:newsml:reuters.com:*:nL5N1FI0CR 
    The bank will press ahead with the sale of its nearly 30 
billion euros in bad loans, with or without the help of banking 
fund Atlante, the bank's chairman said on Saturday.  urn:newsml:reuters.com:*:nL5N1FI0AZ 
          
    ASSICURAZIONI GENERALI  GASI.MI , INTESA SANPAOLO  ISP.MI  
    A possible tie-up between Italy's top retail bank Intesa 
Sanpaolo ISP.MI and insurer Generali GASI.MI would need "many 
authorisations" from regulators, a top official at the Bank of 
Italy said on Saturday.  urn:newsml:reuters.com:*:nL5N1FI0BL 
    Italy's Intesa Sanpaolo  ISP.MI  will not unveil its plans 
for a possible deal with insurer Generali GASI.MI over the 
weekend, the bank's chairman said on Saturday.  urn:newsml:reuters.com:*:nL5N1FI056 
    A takeover by Italy's biggest retail lender would have a 
negative impact on the ratings of insurer Assicurazioni 
Generali, credit rating agency Moody's said on Friday. 
 urn:newsml:reuters.com:*:nI6N1FA00S 
    La Stampa said on Sunday the head of BlackRock was helping 
Intesa's CEO persuade other funds to back a possible offer by 
Intesa.  
     
    UNICREDIT  CRDI.MI  
    The board will meet on Monday for a preliminary discussion 
of the bank's 2016 accounts, and again on Wednesday to approve 
the price range of its upcoming capital increase, Il Sole 24 Ore 
said on Sunday. The cash call could be launched on Feb. 6 and 
completed on Feb. 24, it said.  
     
    MEDIASET  MS.MI , VIVENDI  VIV.PA  
    Il Fatto Quotidiano on Saturday said Mediaset could be close 
to an agreement with the French group which would see the 
creation of a holding company where Vivendi would put its stake 
in telecom and Fininvest its stake in the Italian broadcaster. 
    The paper said Orange could later take a 30 percent in the 
holding, with Italian state holding company Cassa Depositi e 
Prestiti also taking a 10-15 percent stake. Fininvest in a 
statement said the report was groundless. 
     
    ALERION  ARN.MI    
    Holds shareholder meeting to approve new board members, 
chose between rival bids presented by Edison-F2i and Fri-El.    
         
    SAFILO  SFLG.MI  
    Italian eyewear group Safilo can make up for the potential 
loss of design-to-distribution deals with French luxury group 
LVMH  LVMH.PA  with new licences and by expanding its own 
brands, its chief executive said on Friday.  urn:newsml:reuters.com:*:nL5N1FH5H7 
         
    FIAT CHRYSLER  FCHA.MI  
    The car maker has cut the use of temporary layoff scheme in 
Italy by 61 percent between 2014 and 2016, the unions said on 
Friday, adding employees working in the European plants of the 
group rose by 2,800 to 82,849 people.  
     
    ITALIA INDEPENDENT GROUP  IINT.MI  
    The eyeware group said on Friday that founder Lapo Elkann 
and CEO Giovanni Carlino signed a call option agreement for a 
right to buy by Carlino up to 600,000 shares owned by Lapo 
Elkann.  urn:newsml:reuters.com:*:nFWN1FH0XS 
     
    FIERA MILANO  FIMI.MI  
    An Italian court has rejected prosecutor's request to put 
the group under compulsory administration and has granted more 
powers to the legal administrator, the group said in a statement 
on Friday.  
     
    A2A  A2.MI  
    Chairman Giovanni Valotti and CEO Luca Valerio Camerano 
attend conference in Milan (0830 GMT). 
     
    LUXOTTICA  LUX.MI  
    Board meeting on FY revenues. 
         
    MEDIACONTECH  MCH.MI  
    Europa Investimenti Special Situations SpA starts mandatory 
full takeover bid on Mediacontech ordinary shares, ends on Feb. 
17. 
     
    ((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/JAN. 30