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Italy - Factors to watch on December 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.

ECONOMY

ISTAT releases November producer prices data (0900 GMT).

DEBT

Italy's medium- to long-term gross funding needs are seen at 350 billion to 365 billion euros ($427.96 billion) in 2026, the Treasury said on Friday, down from 380 billion euros of medium- to long-term securities issued this year.

Treasury announces sale of 6-month BOT bills and BTP Short, with relative amounts to be auctioned on Dec. 29.

COMPANIES

TELECOM ITALIA (TIM) TLIT.MI

(*) The board proposed to shareholders the conversion of savings shares into ordinary shares, the company said late on Sunday, at a ratio of one ordinary share for each savings share, plus a cash adjustment of 0.12 euros per savings share.

It added that should savings shares remain after the voluntary conversion period, they would be compulsorily converted at the same one-for-one ratio but with a reduced cash adjustment of 0.04 euros per share. The board  also proposed a reduction of the company's share capital to 6 billion euros.

The Italian former phone monopoly said Italy's highest court had ruled in its favour in a long-running concession fee case, confirming the group is owed just over 1 billion euros ($1.2 bln) to end a dispute that has dragged on for over two decades.

STELLANTIS STLAM.MI

The new package of measures for the auto industry proposed earlier this week by the European Union puts at risk manufacturers' investments in the region, the automaker CEO Antonio Filosa told the Financial Times in an interview on Saturday.

SAIPEM SPMI.MI

The Italian energy contractor said on Sunday it had been awarded an offshore engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG in partnership with China's Offshore Oil Engineering Co (COOEC) 600583.SS.

POSTE ITALIANE PST.MI

Italy's Treasury has agreed to sell PagoPA, which handles digital payments to public administrations, to the state mint and to the state-backed postal group for up to 500 million euros ($586 million), the mint said on Friday.

FINCANTIERI FCT.MI, INTERPUMP ITPG.MI

The Italian shipbuilder joins Italy's blue-chip stock index FTSE Mib on Monday, replacing Interpump.

(*) JUVENTUS JUVE.MI

Juventus kept themselves in the Serie A Scudetto race with a 2-1 home win over AS Roma on Saturday, with Francisco Conceicao and Lois Openda netting the goals for the home side and Tommaso Baldanzi scoring for the visitors.

(*) LAZIO LAZI.MI

Lazio drew 0-0 at home against Cremonese on Saturday.

M&A, GOLDEN GOOSE

The Italian luxury sneaker brand said on Friday Chinese venture capital and private equity firm HSG had become its new majority investor, alongside Singapore's wealth fund Temasek as a minority shareholder, after a deal with current owner Permira.

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.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/

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