Italy - Factors to watch on May 27
27/05/2016 05:00
The following factors could affect Italian markets on Friday.
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
ISTAT releases May business and consumer confidence data
(0800 GMT).
Reuters releases April asset allocation poll (1100 GMT).
DEBT
Treasury sells 6.0 billion euros 6-month BOT bills.
Subscriptions close at 0900 GMT.
COMPANIES
ANIMA HOLDINGS ANIM.MI , CREDITO VALTELLINESE PCVI.MI
Creval said on Friday it had placed a 2 percent stake in
asset manager Anima Holding through an accelerated book-building
procedure at 5.5 euros a share. urn:newsml:reuters.com:*:nI6N18H00W
(*) POSTE ITALIANE PST.MI
The CEO of the national post office has presented to the
board a preliminary plan to acquire payment services group SIA,
Il Sole 24 Ore reported. The operation is at a very preliminary
stage but were it to go ahead, a plan to list SIA on the stock
market would be scrapped. Poste may sell its Banca del
Mezzogiorno unit to SACE, the paper added.
A cabinet meeting due to discuss the Treasury's plan to list
another 30 percent of Poste will be held on Monday, government
sources said on Thursday.
(*) ENI ENI.MI
SK Capital is talking to banks to arrange the financing to
buy Versalis, the chemical unit of the Italian oil and gas
group, Corriere della Sera reported.
VENETO BANCA IPO-VENE.MI , BANCA POPOLARE EMILIA ROMAGNA
EMII.MI
Italy's recently-created bank rescue fund Atlante is
negotiating to backstop a 1 billion euro initial public offering
(IPO) for Veneto Banca, two sources told Reuters on Thursday.
urn:newsml:reuters.com:*:nL5N18K4WL
(*) The bank's board on Monday will discuss the IPO price
range which could be set at 0.5-2.5 euros, Il Messagero
reported. The paper said a sub-underwriting contract with
Atlante was expected to be signed on Monday.
(*) Popolare Emilia is studying with adviser Goldman Sachs a
plan that envisages buying a stake in Veneto Banca during the
IPO or else signing a sub-underwriting contract with the Atlante
fund, Il Messaggero reported. Private equity firm Lone Star
would take part in the deal by buying "a few hundreds million
euros" in non-performing loans from both Veneto Banca and BPER.
(*) OVS OVS.MI
The Italian clothing retailer is the leading candidate to
buy rival Conbipel which U.S. fund Oaktree has put up for sale
by sending out last week teasers to potential investors, Il Sole
24 Ore reported.
BOLZONI BLZ.MI
Hyster-Yale Capital Holding Italy, entirely-owned subsidiary
of Hyster-Yale Materials HY.N , ends its compulsory full
takeover bid on Bolzoni ordinary shares.
SINTESI SII.MI
Board meeting to approve 2015 H1, Q3 and FY results.
((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/MAY 27