Italy - Factors to watch on February 2

Ki Holding SpA

02/02/2015 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 
    Markit releases January PMI manufacturing (0845 GMT). 
    Transport Ministry releases January car sales (1700 GMT). 
    January state sector borrowing requirement data. 
    After years of grinding recession Italians are getting fed 
up with Europe's common currency, a poll showed on Friday, with 
40 percent saying the country should now ditch the euro and 
return to the lira. ID:nL6N0V93AS  
     
    POLITICS 
    Italian lawmakers elected Sergio Mattarella, a 
constitutional court judge and veteran centre-left politician, 
as president on Saturday, handing a welcome political victory to 
Prime Minister Matteo Renzi.  ID:nL6N0VA0AX  
     
    COMPANIES 
    BANCA MONTE DEI PASCHI  BMPS.MI  
    The Tuscan lender will likely receive a final green light on 
its capital strengthening plan only Feb. 18, daily Il Messaggero 
reported on Saturday, adding the EU Commission has aked for more 
time to review the bank's plan. 
    The troubled bank will cash in around 57 million euros from 
the sale of a handful of real estate properties in Milan and 
Rome, daily Corriere della Sera reported on Sunday, adding the 
capital gain from the disposal will be around 7 million euros. 
     
    COOPERATIVE BANKS 
    Investment fund Algebris had been investing in Italian 
cooperative banks since March 2014, its CEO Davide Serra told Il 
Sole 24 Ore on Friday in response to speculations that he was 
one of the investors aggressively buying shares in mutual bank, 
which are at the centre of a government reform. Serra denied to 
have invested in 2015 and added Algebris had built a major 
position in one of the cooperative banks, without elaborating.   
     
    TELECOM ITALIA  TLIT.MI  
    The Italian phone company plans to list its phone masts 
division by June and it is expected to approve the project at a 
board meeting in March, Corriere della Sera said on Saturday. 
The company owning the phone masts will have a market value of 
more than 1 billion euros, according to the paper.    
     
    ENEL  ENEI.MI  
    Italy's biggest utility plans to buy back bonds for 3-4 
billion euros, daily Il Sole 24 Ore reported on Saturday adding 
the company's goal was to lengthen debt's maturity.   
   
    BANKS        
    To boost their capital with profits booked in the second 
half of last year, Italian banks need to win auditors' and 
European Central Bank's green light by Feb. 9, Il Sole 24 Ore 
reported on Saturday. 
    
    GTECH  GTCH.MI  
    GTECH plans to issue senior bonds for a total of $5 billion 
as part of its financing for the acquisition of U.S. slot 
machine maker International Game Technology (IGT) IGT.N, the 
Italian gaming group said on Friday. ID:nI6N0UV00E  
    Standard & Poor's and Moody's have assigned BB+ and Ba2 
ratings to Georgia Worldwide PLC, a new holding in which the 
Italian gaming group and U.S. IGT  IGT.N  will be combined after 
a planned merger. S&P has also lowered GTECH's corporate credit 
rating to BB+, the Italian gaming company said on Saturday. 
        
    IPO 
    Italian market regulator Consob approved Banzai's listing 
prospectus, the e-commerce operator and digital publisher said 
in a statement on Friday. Details of the planned listing will be 
disclosed at a press conference on Monday (1445 GMT). Italy's 
stock exchange approved Banzai's plan to list on the Milan 
bourse on Jan. 27.    
     
    CREDITO VALTELLINESE  PCVI.MI , COOPERATIVE BANKS 
    A consortium comprising private equity firms Bain Capital 
and Advent International has entered the race to buy Italian 
bank services provider ICBPI, filing a bid just short of 2 
billion euros ($2.27 billion), two sources said. Credito 
Valtellinese is the biggest shareholder in ICBPI with a 20.4 
percent stake, together with several other cooperative lenders. 
 ID:nL6N0V9497  
     
    AS ROMA  ASR.MI  
    The soccer club has signed a deal with Moscow's PFK CSKA 
under which it will pay a fixed amount of 14.4 million euros 
plus a 1.5 million euros bonus for the rights on player Seydou 
Doumbia, AS Roma said on Saturday.   
    The club has also reached a deal with Cagliari Calcio to 
acquire the rights on soccer player Victor Ibarbo until end-June 
for a 2.5 million euro consideration.  
 
    SORGENIA  CIRX.MI , FINCANTIERI  FCT.MI  
    The chief executive of the debt-laden energy group has 
decide to step down to become general manager at shipbuilder 
Fincantieri, Il Messaggero said on Saturday. 
     
    KI GROUP  KI.MI  
    The group holds ordinary shareholders' meeting at 11 GMT. 
     
    ((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/FEBRUARY 2