Italy - Factors to watch on May 13
13/05/2025 05:00
The following factors could affect Italian markets on Tuesday. 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 up to 7.5 billion euros over three BTP bonds due in 2028, 2032 and 2043. Subscriptions close at 0900 GMT. COMPANIES UNICREDIT CRDI.MI, BANCO BPM BAMI.MI Italy is sticking to the conditions imposed on UniCredit's bid for Banco BPM as it prepares to engage in talks with the bank, two sources close to the matter said, in a case that has drawn scrutiny from the European Commission. ENI ENI.MI Italian ceramics entrepreneur Romano Minozzi had acquired, as of May 5, a 3.095% stake in the energy group, a filing by market watchdog Consob showed on Monday. Eni delivered gas last year from Russia to Turkey, documents posted on the Italian energy group's website showed on Monday, confirming the company was still dealing in Russian gas despite suspending supplies within Europe. (*) BANCA POPOLARE DI SONDRIO BPSI.MI The European Central Bank (ECB) carried out an inspection between October 2022 and April 2023 over governance of credit risks, the lender confirmed on Monday evening, after reports in the Italian media. Popolare Sondrio added that the ECB advised it to strengthen some of the bank's internal structures and to reclassify certain credit positions. The latter could cause the bank's net NPL ratio to rise to 1.36% from 1.04% as of March 31, it added. Sondrio has "initiated remedial actions and measures that it will complete within the expected timeframes and that the ECB has reserved to evaluate over time based on their concrete effectiveness and implementation," the bank added. BUZZI BZU.MI Annual and extraordinary shareholders' meetings (0700 GMT) and holds board meeting on Q1 results. Italgas IG.MI Annual general meeting (1200 GMT). A2A A2.MI Releases Q1 results, followed by conference call (1430 GMT). INWIT INWT.MI Releases Q1 results. INDUSTRIE DE NORA DNR.MI Releases Q1 results. DIARY Economy Minister Giancarlo Giorgetti attends ECOFIN meeting in Brussels. Rome, General meeting of the Italy-Japan Business Group; expected attendees include Foreign minister Antonio Tajani (1245 GMT), Industry Minister Adolfo Urso (1500 GMT). Rome, welfare institute INPS President Gabriele Fava attends INPS Steering and Supervisory Council (CIV) presentation of report on the institute's activities in 2024 (0900 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/