Italy - Factors to watch on Jan. 27

Soges SpA

27/01/2025 05:00

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
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Jan. 30.
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI , MEDIOBANCA  MDBI.MI 
    The state-backed lender on Friday joined in the
consolidation wave sweeping Italian banking with a surprise 13.3
billion euro ($14 billion) all-share offer to buy merchant bank
Mediobanca.
    Italy's government supports Banca Monte dei Paschi's (MPS)
bid for merchant bank Mediobanca as the proposed deal may
strengthen the country's banking system and its broader economy.
    Prime Minister Giorgia Meloni said on Saturday that Italians
should be proud that MPS was now a financially healthy bank able
to launch "ambitious operations."
    Speaking to reporters in Saudi Arabia, she said if its bid
for Mediobanca is successful it would create a third major
banking group (alongside Intesa Sanpaolo and UniCredit) "that
could play an important role in safeguarding Italians' savings."
She did not elaborate. 
    In a letter to Mediobanca's staff, Chief Executive Alberto
Nagel and Director General Francesco Saverio Vinci said Monte
dei Paschi's bid had not been agreed with the Milan-based bank.
    Mediobanca's board will meet on Tuesday to discuss the bid
for the Italian merchant bank by MPS, a person close to the
situation said.   
    
    MFE-MEDIAFOREUROPE  MFEB.MI 
    ProSiebenSat.1  PSMGn.DE  Supervisory Board Chairman Andreas
Wiele will not seek re-election and will leave the company after
May 28, the German broadcaster said on Friday. MFE is the top
investor in ProSieben. 
    
    PIRELLI  PIRC.MI 
    Businessman Marco Tronchetti Provera, through his vehicle
Camfin, bought further shares in the Italian tyremaker, filings
showed on Friday. Camfin's stake in Pirelli rose to 26.4% from
26.1% previously.
    
    LEONARDO  LDOF.MI  
    The Italian defence and aerospace group is about to enter
into a partnership with Turkish drone maker Baykar for unmanned
systems, a source familiar with the matter said on Friday,
adding that the deal is close to being finalised.
    
    JUVENTUS  JUVE.MI 
    Napoli staged a rousing comeback to secure a 2-1 victory
over Juventus in Saturday's action-packed clash
    
    SOGES GROUP  SOGES.MI 
    Starts capital increase; ends on Feb. 13.
    
    UCAPITAL24  U24.MI 
    Ends capital increase.
    
        ERMENEGILDO ZEGNA  ZGN.N 
  
        Releases FY preliminary revenues (1130 GMT), followed by
conference call (1300 GMT).
  
    
    DIARY
    Prime Minister Giorgia Meloni on official visit to Riyadh
and Jeddah, Saudi Arabia.
    Prime Minister Giorgia Meloni on official visit to Manama,
Bahrein.
    
    ((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/