Italy - Factors to watch on Feb. 13

Saras SpA

13/02/2024 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
    Former ECB president Mario Draghi will consult with EU
finance ministers this month on how to sustain investments in
digital and green transitions as he prepares a report on the
bloc's competitiveness, a source close to the matter said.
    
    DEBT
    Treasury sells following BTP bonds: 3.0-3.5 billion euros
2.95% due Feb. 15, 2027; 1.25-1.5 billion euros 3,70% due June
15, 2030; 1.5-2.0 billion euros 4,00% due Nov. 15, 2030;
1.25-1.5 billion euros 4.45% due Sept. 1, 2043. Subscriptions
close at 1000 GMT.
    
    COMPANIES  
    SARAS  SRS.MI  
    Italy's government will seek commitments from Vitol on jobs,
investments and continuity of supplies when vetting the global
commodity trader's plan to take over oil refiner Saras SRS.MI,
two sources familiar with the matter said on Monday.
    Shares in the company fell 3.7% to 1.728 euros at the close
of trading, below the 1.75 euros per share offered by Vitol,
which may be adjusted in case of dividend distribution occurring
before the closing of the transaction.
    
    TOD'S  TOD.MI  
    Shares closed up by 18.4% to 43.04 euros, in line with the
43 euros per share offered by private equity firm L Catterton to
buy 36% of the luxury shoemaker and take it private, in
agreement with the Della Valle founding family.
    
    DIARY
    Rome, celebration ceremony of 95th anniversary of the
Lateran Pacts and 40th anniversary of the Agreement amending the
Concordat with President Sergio Mattarella, Prime Minister
Giorgia Meloni, Economy Minister Giancarlo Giorgetti and other
top officials from Italy and the Holy See (1500 GMT); President
Giorgio Mattarella holds bilateral talks with the Holy See (1600
GMT).
    Rome, Court of Auditors holds ceremony for the start of the
judicial year (1000 GMT); expected attendees include President
Sergio Mattarella, Economy Minister Giancarlo Giorgetti.
    Rome, Senate holds final vote on 'Nordio' criminal justice
reform law decree (1500 GMT).
    Rome, Industry Ministry holds inauguration ceremony of
exhibition "IDENTITALIA The Iconic Italian Brands" on the
occasion of 140 years of the Italian Patent and Trademark Office
(1030 GMT); expected attendees include Industry Minister Adolfo
Urso, Unioncamere President Andrea Prete.
    
    ((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/