Italy - Factors to watch on Aug. 7
07/08/2017 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 .
POLITICS
Rome, Cabinet meeting (1300 GMT).
ECONOMY
Bank of Italy releases July data on Target 2 liabilities and
European Central Bank funding to Italian banks.
DEBT
Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on Aug. 10.
COMPANIES
Bourse After Hours market closed.
TELECOM ITALIA TLIT.MI , VIVENDI VIV.PA
The French media group Vivendi will have to declare on
Monday whether it controls Telecom Italia following a request by
Italy's market watchdog Consob, Il Sole 24 Ore reported.
urn:newsml:reuters.com:*:nL5N1KR09E
Vivendi will probably deny the existence of control over
Telecom Italia but its lawyers are still working on the answer
which will likely arrive only on Tuesday, Il Sole 24 Ore
reported on Sunday.
Italy's government has begun looking into whether Vivendi
breached an obligation to notify Rome of its "direction and
coordination" role at Telecom Italia, Il Sole 24 Ore reported on
Saturday. An inter-ministry group looking into the matter met
for the first time on Friday and on Saturday Vivendi received a
request for clarifications from the government which it has 10
days to answer, Il Sole 24 Ore reported at the weekend.
According to the paper, Vivendi has now decided to notify
its "direction and coordination" role at Telecom Italian to the
government and will do so on Monday as the deadline for the
notification is about to expire.
Italy's telecoms watchdog has asked Vivendi for details on
its plan to create a joint venture between Telecom Italia and
Canal+, Il Sole 24 Ore reported on Sunday, adding the plan
cannot go ahead until Vivendi eliminates its dominant position
in the telecoms sector.
The value of Telecom Italia's network ranges between 9 bln
and 18 bln euros based on a study by EY's Maurizio Matteo Decina
which is circulating in political circles, Il Sole 24 Ore
reported on Sunday.
VIVENDI, MEDIASET MS.MI
Vivendi has agreed to limit its voting rights to 10 percent
of Mediaset's capital at any shareholder meeting, under an
amended plan the French group submitted on Friday to Italy's
telecoms watchdog in an attempt to remove its dominant position
in the sector, Il Sole 24 Ore said on Saturday. The paper cited
sources close to AGCOM as saying the proposal was a basis for
discussions though the regulator would prefer a structural
solution meaning Vivendi's remaining 19 percent stake should
eventually be sold.
SNAM SRG.MI
In setting new tariffs for gas transportations, Italy's
energy authority has confirmed the weighted average cost of
capital at 5.4 in real terms for 2018, Snam said on Sunday.
BANCO BPM BAMI.MI , ANIMA HOLDING ANIM.MI
Italy's third-largest bank is set to pocket up to 1.1
billion euros ($1.3 billion) from the sale of its asset
management business Aletti Gestielle SGR to domestic rival Anima
Holding ANIM.MI , the companies said. urn:newsml:reuters.com:*:nL5N1KQ581
Banco BPM reported on Friday a first-half net profit of 94
million euros. urn:newsml:reuters.com:*:nI6N1KH01O
SAIPEM SPMI.MI
The Italian oil contractor is expected to win a contract
worth around $800 million as part of a project to build a
refinery in Oman being awarded by Duqm Refinery, a source with
knowledge of the matter said on Friday. urn:newsml:reuters.com:*:nI6N1KH01Q
BREMBO BRBI.MI
Chairman Alberto Bombassei told Milano Finanza on Saturday
that the brake maker was interested in expanding into other
sectors such as aerospace and was monitoring the French and U.S.
markets for possible acquisitions.
CREVAL PCVI.MI
The bank reported a net loss of 195 million euros in the
first half of this year hit by writedowns that allowed it to
dispose of bad loans. urn:newsml:reuters.com:*:nI6N1KH01L
UNIPOLSAI US.MI
CEO Carlo Cimbri told Milano Finanza on Saturday the insurer
was about to hire experts who by October would set the price of
a put option on 50 percent of Popolare Vita, the bancassurance
joint-venture UnipolSai has with Banco BPM.
ITALIAN BANKS
Italian lender Banca Carim said on Friday it had extended
until Sept. 30 exclusive talks with the Credit Agricole
CAGR.PA over the purchase of three small banks including
Carim. urn:newsml:reuters.com:*:nI6N1KH01R
If the three small banks were liquidated Italian banks would
have to pay 2.1 billion euros into a depositors' protection
fund, Il Sole 24 Ore reported on Saturday, saying the fund had
written to lenders urging them to approve instead a 90 million
euro contribution that would allow Credit Agricole to complete
the acquisition.
PININFARINA PNNI.MI
The company said on Friday it had posted a net loss of 0.6
million euros in the first half of this year. urn:newsml:reuters.com:*:nFWN1KQ0WJ
MASI AGRICOLA MASIA.MI
The wine maker said on Friday that H1 net profit was 2.5
million euros, down from 3.1 million euros one year ago.
urn:newsml:reuters.com:*:nFWN1KQ0YU
FALCK RENEWABLES AA4A.MI
The renewable energy company said on Saturday it had agreed
to buy two wind projects in Sweden from E.On for 115 MW paying a
price of 7 million euros. urn:newsml:reuters.com:*:nFWN1KQ11W
TECNOINVESTIMENTI TECNO.MI
Board meeting on H1 results, followed by conference call.
((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/AUG. 7