Italy - Factors to watch on August 24

Subsea 7

24/08/2026 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 (*).

(*) ECONOMY
The Italian government on Sunday extended by two days until the end of Wednesday a temporary cut on excise duties on diesel as part of efforts to contain energy costs. 
Rome will keep in place until August 26 an approximately €17-cent-per-litre price cut introduced at the end of July, which was due to expire at midnight Monday. 
The average self-service price of diesel at the pump in Italy is currently more than €2.1 ($2.45) per litre.

(*) ENERGY 
ENI.MI
The finance ministers of Germany, Italy, Spain, Austria, Portugal and Poland have written to the Ecofin president calling for an EU-wide tax on energy companies that have benefited from the surge in energy prices, several Italian newspapers reported on Monday.
     
DEBT
Italy's Treasury announces details of the next BOT auction scheduled on August 27.
On Friday the Treasury said it will sell up to €3 billion in BTP Short bonds at auction on August 26.

COMPANIES  
MONTE DEI PASCHI BMPS.MI, BANCO BPM BAMI.MI, BANCA GENERALI BGN.MI
Italy's Banca Monte dei Paschi di Siena (MPS) shares closed down 1.3% on Friday after launching twin all-share exchange offers for rival Banco BPM and asset manager Banca Generali to counter a hostile takeover bid from Intesa Sanpaolo.
CEO Luigi Lovaglio will soon begin a roadshow to present and explain his strategy to investors, with meetings with funds in the United States scheduled for early next month, Il Corriere della Sera said on Sunday.

BANCO BPM BAMI.MI
Banco BPM's board will meet on Tuesday after MPS launched its bid for the lender, a source close to the matter said on Sunday.
If the MPS bid succeeds, the Tuscan bank could sell some of Banco BPM's assets, particularly branches, to Banco BPM's main investor, France's Credit Agricole CAGR.PA, several Italian newspapers reported on Saturday. The move would also help reduce Credit Agricole's stake in the new combined banking group, Il Sole 24 Ore said.

BANCA GENERALI BGN.MI
The wealth manager is assessing the terms of MPS' offer, which "was neither solicited nor agreed in advance," the company said in a statement after holding a board meeting on Friday.
Italian insurer Generali, which controls a 50.1% stake in Banca Generali, does not oppose in principle the bid MPS launched for Banca Generali and will assess it carefully and without prejudice, according to a source familiar with the matter.

INTESA SANPAOLO ISP.MI
Italy's largest bank is considering presenting a complaint to Milan bourse watchdog Consob regarding MPS' latest moves, Italian media reported on Friday.

GENERALI GASI.MI
MPS, whose stake in Generali would fall to around 9% if its bids for Banco BPM and Banca Generali go through, could sell additional shares in Italy's largest insurer once the deals are completed, La Repubblica daily reported on Sunday. The newspaper cited potential buyers as being the country's two largest banks Intesa Sanpaolo and UniCredit.

UNICREDIT CRDI.MI
Commerzbank CBKG.DE Chairman Jens Weidmann told Sueddeutsche Zeitung on Sunday he wanted to personally discuss  some matters with Unicredit CEO Andrea Orcel, particularly the German bank's governance. He said it was time for the two banks, which are already holding technical talks at various management levels, to also start discussing strategy and building trust. "From our perspective, the door is also open to strategic discussions," Weidmann said in the interview.

ENI ENI.MI
The Italian energy group aims to bring a commercial nuclear fusion power plant to Europe by the early 2040s or sooner, through Commonwealth Fusion Systems, a start-up in which Eni is an investor, Francesca Ferrazza, the company's head of magnetic fusion initiatives, told the Financial Times. She said nuclear fusion could become Eni's "next refinery".

SAIPEM SPMI.MI
The Italian oil and gas contractor expects to complete its planned merger with Norway's Subsea 7 SUBC.OL by year-end, its CEO Alessandro Puliti told Milano Finanza newspaper on Saturday, adding that the combined entity will be a European champion in the global energy services sector, ready to compete with emerging Chinese rivals.

THE ITALIAN SEA GROUP TISGR.MI
Seven investors, both industrial and financial, are considering submitting non-binding indicative bids for the yacht maker as part of a competitive process launched to restructure the company, Il Sole 24 Ore said on Saturday, citing sources. Non-binding bids are due by September 15.

DIARY 
Italian Prime Minister Giorgia Meloni will join remotely a meeting of the so-called Coalition of the Willing group of pro-Ukrainian countries on Monday at 1100 GMT.
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
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 = 0.8567 euros)


($1 = 0.8564 euros)