Italy - Factors to watch on March 11

Sanlorenzo SpA

11/03/2025 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.

POLITICS

Italy plans to propose to its European partners a guarantee scheme that could potentially trigger investments worth up to 200 billion euros in the defence and aerospace industries, people familiar with the matter said.

DEBT

The Italian Treasury said on Tuesday it would sell 8.5 billion euros of bonds on March 13, including a new 3-year BTP.

ECONOMY

Bank of Italy releases January data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.

COMPANIES

GENERALI GASI.MI

(*) UniCredit stake in Italian insurer is close to 8%, daily La Stampa reported on Tuesday, adding the bank could back a slate of nominees proposed by a group of fund managers for the upcoming renewal of Generali's board.

Francesco Gaetano Caltagirone, a leading investor in the Italian insurer, aims to name up to six of its directors but stop short of proposing a new candidate for the chief executive role as part of a new board, two sources said on Monday.

UNICREDIT CRDI.MI

The Italian lender's takeover target, Germany's Commerzbank, said on Monday that Bank of America held 10.16% of its total voting rights and instruments as of March 4.

(*) NEXI NEXII.MI

The Italian payment group has secured a refinancing package worth 2.9 billion euros, the company said on Tuesday. The new funding, combined with Nexi's available cash, will enable the company to cover most of its debt maturities until 2027.

(*) STELLANTIS STLAM.MI

The carmaker has put on hold an investment plan worth more than 1.5 billion euros for its luxury brand Maserati, daily MF reported on Tuesday.

(*) ENI ENI

Italian Industry Minister Adolfo Urso said on Monday that trade unions, excluding CGIL, signed a memorandum of understanding for the industrial conversion of Versalis, the Eni's chemical unit.

(*) ITALGAS IG.MI

Italy's antitrust has conditionally approved the acquisition of domestic rival 2i Rete Gas by the largest gas distributor in Europe, the authority said on Tuesday.

(*) UNIPOL UNPI.MI

Goldman Sachs has received three non-binding bids for Italian hotel group Una Hotels, owned by the insurer, from Ksl Capital, Blackstone BX.N and Starwood Capital, daily Il Sole 24 Ore reported on Tuesday. A new round of offers is expected by the end of March, it added.

(*) IVECO IVG.MI

The Italian truck and bus maker signed a binding joint development agreement with Ford Trucks for the design and engineering of a new cabin for heavy-duty trucks, the two companies said on Tuesday.

(*) RAI WAY RWAY.MI

EI Towers, the tower company, owned by the infrastructure fund F2i and MFE-MediaforEurope MFEB.MI, that is currently in exclusive talks with Rai Way over a potential tie-up, has asked its creditor banks to extend a 633 million euro loan until 2027, daily il Messaggero reported on Tuesday.

DANIELI DANI.MI

The Italian group that makes iron and steel making plants said on Monday it had signed a memorandum of understanding to with nuclear firm newcleo to explore the integration of newcleo's advanced reactor technology into steel-making.

SANLORENZO SNL.MI

The Italian yacht maker on Monday reported 2024 net profit of 103.1 million euros, proposed a dividend of 1 euro per share, and said it expected 2025 EBITDA at 178-194 million euros.

LEONARDO LDOF.MI

Releases FY results (preliminary FY results released on Feb. 20) and industrial plan update, followed by conference call (1630 GMT).

SAIPEM SPMI.MI

Releases FY results (preliminary FY results on Feb. 25).

DIARY

Economy Minister Giancarlo Giorgetti attends ECOFIN meeting in Brussels.

Rome, Prime Minister Giorgia Meloni meets Denmark counterpart Mette Frederiksen (1430 GMT).

Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin delivers opening address at "Italian Geothermal Forum" (0800 GMT).

Milan, event on "Corporate governance and capital market for competitive and sustainable Europe" with joint stock companies association Assonime President Patrizia Grieco, Economy Undersecretary Federico Freni, Ugo Bassi from EU Commission, Societe Generale SOGN.PA Chairman Lorenzo Bini Smaghi, market regulator CONSOB Commissioner and ESMA board member Carlo Comporti, Poste Italiane PST.MI CEO Matteo Del Fante, Intesa Sanpaolo ISP.MI Chairman Gian Maria Gros-Pietro, state-lender Cassa Deposititi e Prestiti (CDP) Giovanni Gorno Tempini, UniCredit CRDI.MI Chairman Pier Carlo Padoan, Assicurazioni Generali GASI.MI Chairman Andrea Sironi, Milan Stock Exchange CEO Fabrizio Testa, Equita EQUI.MI CEO Andrea Vismara, Snam SRG.MI Chairwoman Monica de Virgiliis, Telcom Italia (TIM) TLIT.MI Chairwoman  Alberta Figari, Fincantieri FCT.MI Chairman Biagio Mazzotta, Eni ENI.MI Chairman Giuseppe Zafarana, Stefano Cappiello from Economy Minsitry, Banca Monte dei Paschi di Siena BMPS.MI Chairman Nicola Maione, doValue DOVA.MI Chairman Alessandro Rivera, Banco BPM BAMI.MI Chairman Massimo Tononi (0800 GMT).

((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/

($1 = 0.9225 euros)