Italy - Factors to watch on June 27

Iren S.p.A.

27/06/2024 07:12

The following factors could affect Italian markets on Thursday.
    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
    Italian Prime Minister Giorgia Meloni criticised on
Wednesday plans to share out the top jobs in EU institutions,
saying they ignored the successes of rightwing parties at this
month's European Parliament elections.

    ECONOMY
    ISTAT releases June consumer and business confidence data
(0800 GMT); May producer prices data (0900 GMT).
    ECB releases May data on Italian banks domestic government
bond holdings (0800 GMT).
    
    DEBT
    Treasury sells 3.0-3.5 billion euros 3.35% BTP bonds due
July 1, 2039; 3.0-3.5 billion euros 3.85% BTP bonds due July 1,
2034; 1.25-1.75 billion euros CCTeu bonds due April 15, 2032.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    UNICREDIT  CRDI.MI 
    BlackRock  BLK.N  rose to 7% of the lender's share capital
after the cancellation of its own shares executed on Wednesday,
the bank's website showed.
    
    CAMPARI  CPRI.MI 
    Milan prosecutors have opened a tax evasion investigation
into the Luxembourg-based holding company that controls the
Italian drinks group, sources with direct knowledge of the
matter told Reuters on Wednesday.
    
    (*) ENI  ENI.MI 
    The Italian energy group said on Thursday it had signed a
binding agreement to sell Nikaitchuq and Oooguruk upstream
assets it owns in Alaska to U.S. private company Hilcorp. The
value of the transaction will be announced at closing, it said.
    
    (*) IREN  IREE.MI 
    Shareholders will consider after the summer options for the
appointment  of a new CEO after the sacking of Paolo Signorini
following his arrest over a corruption case,  the chairman of
the Italian utility Luca Dal Fabbro sad in an interview with Il
Sole 24 Ore daily published on Thursday. 
     Dal Fabbro also said that the company would be interested
in assets that may have to be sold due to antitrust issues
following the merger between rivals Italgas  IG.MI  and 2i Rete
Gas.
    He added that Iren's Egea deal was going better than
expected and that the company could exercise its call option to
buy the remaining 50% of the NewCo which includes Egea's
activities in 2025.
     
    (*) SAFILO  SFLG.MI  
    The Italian eyewear maker broke off talks for the potential
acquisition of an 83% share in rival Marcolin put up for sale by
main shareholder PAI-Partners, considering the 1.3 billion euros
asked by the French fund too high, according to MF daily.

    ENEL  ENEI.MI 
    The Italian utility said on Wednesday it had finalised a
partnership with infrastructure group Sosteneo to develop
battery energy storage systems. Sosteneo has purchased 49% of
the share capital of Enel Libra Flexsys.
    
    PRYSMIAN  PRY.MI 
    The world's biggest cable maker said on Wednesday that
Encore Wire's shareholders approved the acquisition announced in
April, it will be effective as of July 2. 

    DIARY
    Prime Minister Giorgia Meloni attends European Council
meeting in Brussels.
    Rome, state lender Cassa Depositi e Prestiti (CDP) continues
shareholders' meeting to appoint new board.
    Milan, trade unions call first strike at Milan Stock
Exchange, affecting last two-hours of work.
    Milan, Prysmian  PRY.MI  holds "Sustainability & Innovation
Days 2024" (0800 GMT); CEO Massimo Battaini delivers opening
address.
    Naples, at conference on "Steel: Southern Italy as a
Mediterranean hub. The development of the steel industry in
Italy and North Africa: production and trade today and tomorrow"
interview to Acciaierie D'Italia special administrator Giancarlo
Quaranta (1330 GMT).
    
    ((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/