Italy - Factors to watch on Feb. 25

Pininfarina SpA

25/02/2019 05:00

MILANO, Feb 22 (Reuters) - 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 .
    
    DEBT
    Italy's Treasury said on Friday it would offer
    
    POLITICS
    Italy's ruling coalition is not unraveling and will hold
together even after European parliamentary elections, Prime
Minister Giuseppe Conte was cited on Sunday as saying.
 urn:newsml:reuters.com:*:nL5N20J08A
    
    COMPANIES
    TELECOM ITALIA  TLIT.MI 
    Telecom Italia's (TIM) main shareholder Vivendi said on
Sunday it would back a merger of the fixed-line networks of TIM
and rival Open Fiber if conditions were right, while renewing
its attack on U.S. activist fund Elliott.  urn:newsml:reuters.com:*:nL5N20J0E9
    State lender CDP has further increased its stake towards 10
percent, La Stampa reported on Saturday quoting "authoritative
sources."
    
    FINCANTIERI  FCT.MI 
    Board meeting on FY results.
    CEO Giuseppe Bono has made clear he will resign if the
ruling 5 Star Movement goes ahead with a plan to transfer some
of his powers to the chairman and replace current Chairman
Giampiero Massolo with Rome transportation company ATAC head
Paolo Simioni, la Repubblica reported. 
    Asked about rumours of Bono's departure, Deputy PM Matteo
Salvini on Saturday gave a vote of confidence to the Fincantieri
CEO and said he hoped Bono would continue in his current job for
"a long time".
        
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI 
    FCA has set an annual compensation target for Chief
Executive Officer Mike Manley consisting of pay, cash and equity
bonuses of $14 million, the automaker said in a regulatory
filing on Friday.  urn:newsml:reuters.com:*:nL1N20H1Y9
    
    INTESA SANPAOLO  ISP.MI , PIRELLI  PIRC.MI 
    Italy's biggest retail bank is set to take an around 10
percent stake in Camfin, the holding company that owns 11.35
percent of Pirelli, Il Sole 24 Ore reported on Saturday.
    The bank's board is set to indicate at meeting on Tuesday it
backs the reappointment of current Chairman Gian Maria
Gros-Pietro next to CEO Carlo Messina, Il Sole 24 Ore reported
on Saturday.      

    TOD'S  TOD.MI 
    The Italian luxury shoemaker said on Friday it had hired
former Zegna and Kering  PRTP.PA  senior executive Carlo Alberto
Beretta as its new brand general manager as of Feb. 25. 

    SALVATORE FERRAGAMO  SFER.MI  
    Chairman Ferruccio Ferragamo denied on Saturday the founding
family could consider selling the eponymous luxury shoemaker,
after speculation about a possible sale.  urn:newsml:reuters.com:*:nL5N20I0DN
    
    CREDITO VALTELLINESE  PCVI.MI 
    Shareholder funds are set to push out current CEO Mauro
Selvetti and replace him with Chairman Luigi Lovaglio, Il Sole
24 Ore reported on Saturday, adding Deputy Chairman Alessandro
Trotter would in turn replace Lovaglio. Board members have been
alerted that an extraordinary meeting could take place either on
Feb. 25 or March 4 and some oppose the move, the paper said.
    
    BANCA CARIGE  CRGI.MI  (*)
    The bank has received two offers for its problem loans, one
from state-owned SGA and a second one from bad loan specialist
Credito Fondiario which last year bought Carige's debt
collection business and has a 10-year servicing contract in
place with the bank, La Stampa and Il Messaggero reported on
Saturday. La Stampa said Carige could sell 1.7 billion euros in
impaired loans. 
    
    CERVED  CERV.MI , GRUPPO MUTUIONLINE  MOL.MI 
    MutuiOnline said on Sunday it had exceeded the threshold of
3 percent in the capital of Cerved.
    
    PININFARINA  PNNI.MI 
    The group, with 40 million euros in liquidity, is looking at
potential acquisitions in the U.S., China, Japan, India and
Europe, with a preference for developing economies along the
"Silk Road", CEO Silvio Pietro Angori told Sunday's Corriere
della Sera. He said the company aimed to triple revenues in 3-5
years and did not rule out a listing on Wall Street. 
        
    EDISON  EDNn.MI 
    The EDF unit has drawn four bids for the upstream assets it
is selling from Neptune Energy, DE, Blackstone and another
private equity, Sunday's Corriere della Sera said.
    
    PIAGGIO  PIA.MI 
    Board meeting on FY results, followed by conference call.
    
    SOGEFI  SGFI.MI 
    Board meeting on FY results.
    
    GRUPPO CERAMICHE RICCHETTI  RICC.MI 
    Finkéramos SpA starts takeover bid on Gruppo Ceramiche
Ricchetti ordinary shares; ends on March 29.
    
    DIARY
    Milan, presentation of a report on "Social Security and
Insecurity in Italy and in Europe" with Unipol Group  UNPI.MI 
Chairman Pierluigi Stefanini (1000 GMT).
    Milan, 2019/2020 Fall/Winter womenswear fashion shows end.
    
    ((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/ 

 (Reporting By Viviana Venturi)
 ((viviana.venturi@thomsonreuters.com;))