Italy - Factors to watch on Sept. 14

Landi Renzo SpA

14/09/2020 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 .
    
    COMPANIES
    INTESA SANPAOLO  ISP.MI , UBI BANCA  UBI.MI 
    Italy's Intesa Sanpaolo said on Friday it owned 98.9% of UBI
Banca shares after the squeeze-out offer period ended.
 urn:newsml:reuters.com:*:nBIA52Mwhq
    
    FIAT CHRYSLER  FCHA.MI 
    The Italian government could encourage the transition to
electric cars with grants that will grow for low-income buyers,
Il Messaggero reported on Sunday. The government can devote 2.8
billion euros to environment-friendly grants, the Environment
Minister Sergio Costa told Il Sole 24 Ore on Sunday.  
    
    ATLANTIA  ATL.MI 
    Talks between Atlantia and state lender CDP on the group's
motorway assets are blocked, La Stampa reported on Sunday,
saying CDP did not rule out to walk away from negotiations. La
Stampa cited sources saying it was still possible to reach a
deal in October, after Italian local elections.
    
    JUVENTUS  JUVE.MI 
    The club posted on Friday a net loss of 71.4 million euros
for the year ended Jun. 30 compared to the loss of 39.9 million
a year earlier.  urn:newsml:reuters.com:*:nBIA6rxKZT
    
    LANDI RENZO  LR.MI 
    The company said on Friday it expected revenue to fall 25%
this year after consolidated sales for the first half dropped
41.3% to 59.9 million euros.  urn:newsml:reuters.com:*:nBIA7z8wTK
    
    MONTE DEI PASCHI  BMPS.MI  
    Italy's Economy Minister on Saturday was quoted by Italian
wire Ansa as saying that it was "appropriate for a big bank like
Monte dei Paschi to be relaunched and not broken up", speaking
at the end of a meeting of the 27 EU finance ministers in
Berlin. He added that the work done so far would allow the bank
to find a "strategic partner."  
    
    BORSA ITALIANA, INTESA SANPAOLO  ISP.MI  
    Euronext  ENX.PA  and Italy's Cassa Depositi e Prestiti
(CDP) confirmed on Friday they were in talks to make a joint bid
for Borsa Italiana, as Germany's Deutsche Boerse  DB1Gn.DE 
submitted a rival offer and one from Swiss exchange Six was
expected. On Friday Deutsche Boerse said it was offering "a high
value" for developing "an autonomous Borsa Italiana".
 urn:newsml:reuters.com:*:nL8N2G80WP
    Deutsche Borse has presented its offer alone but is open to
teaming up with partners, also Italian ones, Corriere della Sera
reported on Saturday, citing sources. 
    Should Euronext's bid be successful, the governance would be
shared equally between Italy and France, la Repubblica and Il
Sole 24 Ore reported on Saturday. Through a capital hike of the
Euronext holding, 
    State lender CDP and France's Caisse Des Depots would get
around 8% of Euronext through a capital increase, while Intesa
Sanpaolo and BNP Paribas would get a stake of 2% each, the
reports added.  
    The right offer is not necessarily the one that politicians
like, but the one that enhance the value of Borsa Italiana and
safeguards the interests of the country, its companies and its
savers, the Head of the Italian Association of Stock Exchange
Professionals ASSOSIM told Il Sole 24 Ore on Sunday. Michele
Calzolari set three priorities: small and medium enterprises,
bond platform Mts and a governance that gives Italy a say in
strategic choices.
    
    DIARY
    Milan, Campari Group  CPRI.MI  holds news conference to
present a stamp celebrating 160 years from its foundation, CEO
Bob Kunze-Concewitz delivers opening address (0930 GMT).
    Turin, Fiat Chrysler  FCHA.MI  presentation of the V2G
project, with EMEA COO Pietro Gorlier and Industry Minister
Stefano Patuanelli (0945)
     
    ((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/