Italy - Factors to watch on June 17
17/06/2025 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. COMPANIES UNICREDIT CRDI.MI, BANCO BPM BAMI.MI Italy has responded to European Union queries on the conditions it has imposed on UniCredit's bid for Banco BPM by saying domestic savings are a matter of national security, sources familiar with the matter told Reuters. MEDIOBANCA MDBI.MI, BANCA GENERALI BGN.MI Mediobanca's decision to delay the shareholder vote on its bid for Banca Generali prevented a likely defeat from shareholders who oppose the deal and had beefed up their holdings in recent weeks, four sources close to the matter said. (*) Banca Generali's board met late on Monday to assess whether Mediobanca's delay of the vote would affect the validity of its offer, Il Sole 24 Ore newspaper reported on Tuesday. Italian market authority Consob is also examining Mediobanca's decision to postpone the shareholder vote to assess whether it is in line with the country's takeover rules, the daily added. (*) ENI ENI.MI Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia. Eni CEO Claudio Descalzi said the 50-50 joint venture would generate cashflow from its producing assets and will self-finance its investments. Descalzi added the Israel-Iran conflict had not led to a loss in oil production, and that the Organization of the Petroleum Exporting Countries still has spare production capacity. (*) MAIRE MTCM.MI The Italian engineering group said on Tuesday it had set up a joint venture announced last December with nuclear company Newcleo aimed at developing power stations based on advanced modular reactors. Under the agreement, Maire's unit Nextchem holds a 60% stake in the joint venture Nextcleo, with the remaining 40% belonging to Newcleo. (*) LOTTOMATICA LTMC.MI Gamma International said on Tuesday it had completed the sale of its entire stake in the Italian betting company, equal to 21.3%, at 22.50 euros per share, through an accelerated bookbuilding procedure. (*) BANCA IFIS IF.MI, ILLIMITY ILTY.MI Italian specialty lender Banca Ifis has raised the non-waivable minimum threshold for its offer for digital bank Illimity to 60% of the share capital from 45%, it said on Tuesday. Banca Ifis added it had not extended the offer period, which will end on June 27. NEXI NEXII.MI Mercury UK Holdco has reduced its stake in the Italian payments firm, as of June 10, to 3% from the previous 9.4%, a filing from market regulator Consob showed on Monday. DIARY Prime Minister Giorgia Meloni attends G7 summit in Kananaskis, Canada. Industry Minister Adolfo Urso and Defence Minister Guido Crosetto attend 55th edition "Salon International de l'Aéronautique et de l'Espace-Paris Air Show" in Le Bourget, Paris. Eni ENI.MI CEO Claudio Descalzi attends conference "Energy Asia" in Kuala Lumpur. Rome, Energy Authority ARERA presents 2025 annual report on the state of services and activities (0900 GMT). Rome, conference on "Indo-Mediterranean Corridor" with Fincantieri FCT.MI CEO Pierroberto Folgiero (0800 GMT); Foreign Minister Antonio Tajani delivers closing address. Milan, 3° edition "Young factor: a dialogue between youth, economy and finance" conference starts (1300 GMT); ends on June 19. On Tuesday expected attendees include Intesa Sanpaolo ISP.MI Chairman Gian Maria Gros-Pietro, Milan stock Exchange Chairwoman Claudia Parzani, banking association ABI President Antonio Patuelli, savings banks association (ACRI) President Giovanni Azzone, Bank of Portugal Governor Mario Centeno. ((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/