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Italy - Factors to watch on September 2

Italy - Factors to watch on September 2

The following factors could affect Italian markets on Wednesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).


DEBT

Italy posted a state sector budget deficit of €12.3 billion ($14.25 billion) in August compared to a shortfall of €204 million in the same month last year, the Treasury said in a statement on Tuesday.

COMPANIES

(*) LOTTOMATICA LTMC.MI

The Italian betting firm will take over Spain's Cirsa CIRSA.MC to create a global gaming player whose top shareholder will be U.S. private equity firm Blackstone BX.N, the two companies said on Wednesday.


(*) SNAM SRG.MI

Italian firms F2i, Edison EDNn.MI and Retina Biometano have been admitted to the final stage of the sale process for Bioenerys, the biomethane unit of the Italian gas grid operator, Il Sole 24 Ore reported on Wednesday. Retina Biometano is reportedly interested in acquiring the whole of Bioenerys, while F2i and Edison are interested in different units of the company, Il Sole added.


(*) ENEL ENEI.MI

Three Indian companies - Purvah Green Power, Inox Clean Energy and Hexa Climate Solutions - have submitted binding bids to acquire 100% of Enel Green Power India, Enel's Indian renewable energy unit, MF daily reported on Wednesday, citing local sources.

Purvah Green Power is a unit of Indian power utility CESC CESC.NS.


(*) AVIO AVI.MI

Berenberg on Wednesday initiated coverage of the rocket maker with a 'hold' rating and a target price of €33.

INTESA SANPAOLO ISP.MI, MONTE DEI PASCHI BMPS.MI

Italy's largest bank does not expect its buyout offer for Monte dei Paschi di Siena to be hampered by defence bids mounted by its takeover target or by clarifications sought by the markets watchdog, a person close to the matter said on Tuesday.


IVECO IVG.MI

The truck-maker said on Tuesday that all prior regulatory approvals had been obtained in connection with the offer launched for it by India's Tata Motors.


STELLANTIS STLAM.MI

The Franco-Italian automaker's new car sales in Italy rose 6.1% in August, the Italian transport ministry reported on Tuesday, outperforming a 3.15% increase in overall Italian car registrations during the month.


BPER BANCA EMII.MI

The lender said on Tuesday it would launch on Sept 2 its share buyback programme and the early termination of the Total Return Swap (TRS) on BPER shares. As part of the programme, BPER ordinary shares may be purchased not exceeding 3% of its share capital, for a maximum total value of €750 million.


LEONARDO LDOF.MI

The Italian defence company on Tuesday named Stefano Villanti as managing director of its helicopters division.


The list of companies comprising Italy's blue chip FTSE MIB stock index is due to be updated on Wednesday.

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

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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