Italy - Factors to watch on March 25

Pininfarina SpA

25/03/2019 05:00

MILANO, March 25 (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 .
    
    POLITICS
    Italy endorsed China's ambitious "Belt and Road"
infrastructure plan on Saturday, becoming the first major
Western power to back the initiative to help revive the
struggling Italian economy.  urn:newsml:reuters.com:*:nL8N21A0BT
        
    DEBT
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on March 28.
    
    COMPANIES
    
(*) FIAT CHRYSLER AUTOMOBILES
    Peugeot of France has been among the potential suitors with
whom FCA Chairman John Elkann has discussed a deal recently, but
nothing is imminent, the Financial Times quoted several people
familiar with the discussions as saying on Sunday. Elkann has
also held talks with Korean and Chinese automakers, according to
people familiar with those talks.


    TELECOM ITALIA  TLIT.MI 
    Alessandro Falciai, who has been mentioned in the press as a
possible chairman for the phone group, told Corriere della Sera
L'Economia in an interview that he was surprised to see his name
doing the rounds. Asked whether he could play an arbiter role to
resolve the dispute between Vivendi  VIV.PA  and Elliott, he
said: "No, but arbiters do have a role."     
    
    BANCA CARIGE  CRGI.MI 
    Asset manager BlackRock  BLK.N  and bad loan specialist
Varde Partners are interested in Carige and will likely submit
offers for the troubled bank, Italian daily La Stampa reported
on Saturday, adding the deal could be worth between 700-800
million euros.
    However, a precautionary recapitalisation cannot be ruled
out completely, the daily added.    
    La Repubblica Affari e Finanza mentioned Apollo as a
possible interested bidder besides Varde and BlackRock. It said
the deadline to present expressions of interest was April 20.
The sale of bad loans has been postponed until an agreement with
a buyer for the bank is found, it added.     
    
    INTESA SANPAOLO  ISPI.MI  
    Intesa Sanpaolo said on Saturday it had signed a Memorandum
of Understanding (MoU) with the Chinese city of Qingdao to
develop wealth management services for Chinese clients through a
wholly-owned company called Yi Tsai.  urn:newsml:reuters.com:*:nL8N21A05M

    FINCANTIERI  FCT.MI  
    Italy's government has approached the company over the
possibility of the state-controlled shipbuilder taking part in
the rescue of flagship carrier Alitalia, two sources close to
the matter said on Friday.  urn:newsml:reuters.com:*:nL8N2194TQ
    A luxury cruise ship that had set sail with almost 1,400
passengers and crew aboard arrived at a port in Norway on Sunday
after narrowly escaping disaster when its engines failed during
a storm.  urn:newsml:reuters.com:*:nL8N21B071 The ship was built by Fincantieri in 2016,
according to the company's website.  
    
    ENI  ENI.MI  
    The oil major has signed a MoU with Bank of China to secure
a credit line.  urn:newsml:reuters.com:*:nL8N21A05M
    
    SNAM  SRG.MI 
    Italian state lender CDP and Italian gas company Snam have
signed a memorandum of understanding with the Chinese Silk Road
Fund (SRF) for cooperation on international investments in China
and in the countries that have already signed up for the Belt
and Road Initiative (BRI). Snam and SRF said they would consider
possible cooperation in the natural gas sector -- pipelines,
storage facilities, LNG infrastructure and biomethane plants.
 urn:newsml:reuters.com:*:nL8N21A05M
    
    UNICREDIT  CRDI.MI 
    The bank on Sunday confirmed to Italian daily Il Sole 24 Ore
its revenue target for 19.8 billion euro in 2019, adding that a
recovery in the proceeds coming from trading and higher
dividends will help it meet the target. 
    
    DANIELI  DANI.MI  
    Italian steel manufacturer Danieli has signed a deal to
build part of a steel plant in China that will then be
transferred to Azerbaijan.  urn:newsml:reuters.com:*:nL8N21A05M
    
    ACEA  ACE.MI 
    The company confirmed on Saturday that its CEO Stefano
Donnarumma had been put under investigation in a case regarding
two sponsorship programmes funded by the group. Acea said
Donnarumma had nothing to do with the programmes.
    
    ATLANTIA  ATL.MI 
    The infrastructure group said on Friday its top investor's
slate of board candidates included the current CEO as well as
the chairman.  urn:newsml:reuters.com:*:nL8N2195Z6
    Italy's railway group Ferrovie dello Stato, Atlantia's
airport operator Aeroporti di Roma and the museums of sports car
maker Ferrari on Saturday signed a commercial deal with China's
biggest online travel agency Ctrip  CTRP.N  to develop Chinese
tourism in Italy.
    
    SALINI IMPREGILO  SALI.MI , ASTALDI  AST.MI 
    Italian state lender CDP is pushing Salini Impregilo to set
up a hub comprising several troubled Italian groups in the
construction sector, including ailing Astaldi  AST.MI , Italian
daily Il Messaggero reported on Saturday.
    The company's Lane unit has won a $524 milion contract to
build the Caloosahatcee West Basin Storage Reservoir in southern
Florida, it said on Monday.
      
    CAMPARI  CPRI.MI 
    The Garavoglia family, who owns 51 percent of the drinks
company, is against selling the company which could probably
attract interest from a larger group, CEO Bob Kunze-Concewitz
was quoted as saying by the Financial Times on Saturday.
    Goldman Sachs upgraded the stock to buy. 
    
    SAFILO  SFLG.MI 
    The eyeware maker said on Friday it renewed a multi-year
licensing agreement with Kate Spade New York until June 30,
2026.  urn:newsml:reuters.com:*:nFWN2190NW
    
    UBI BANCA  UBI.MI 
    The lender said on Friday only one slate of candidates had
been put forward for its board, paving the way for the
reappointment of current Chairman Letizia Moratti and current
CEO Victor Massiah. 
   
    BANCA POPOLARE DI SONDRIO  BPSI.MI 
    The board proposes a dividend of 0.05 euros per share.
 urn:newsml:reuters.com:*:nBIA9BqMcD
    
    CATTOLICA ASSICURAZIONI  CASS.MI 
    The insurer said on Friday only one slate of candidates had
been put forward for its board, paving the way to the
reappointment of the current Chairman as well as the CEO.
 urn:newsml:reuters.com:*:nBIA1Y2W7z
    
    PININFARINA  PNNI.MI 
    The company said on Friday net profit rose to 2.2 million
euros in 2018 from 1.3 million euros in 2017.  urn:newsml:reuters.com:*:nFWN2190NK 
    
    BB BIOTECH  BIO.MI 
    Trades ex-dividend of 3.05 CHF per share.
    
    PLT ENERGIA  PLTEN.MI 
    Takeover bid by Baya Srl, Nous Srl and Nexte 1 Srl starts,
ends on April 12.
    
    Board meetings on FY results: BEGHELLI  BE.MI , FRENDY
ENERGY  FDE.MI , IMMSI  IMSI.MI , PITECO  PITE.MI , PORTOBELLO
 PORTO.MI .
    
    DIARY
    Milan, BlackRock holds news conference to present "Investor
Pulse 2019".
    
    ((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/ 

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