Italy - Factors to watch on Nov. 25

Take Off SpA

25/11/2021 05:00

The following factors could affect Italian markets on Thursday.
    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 reported 85 coronavirus-related deaths on Wednesday
against 83 the day before, the health ministry said, while the
daily tally of new infections rose to 12,448 from 10,047.
 urn:newsml:reuters.com:*:nR1N2SD009
    
    ECONOMY
    ISTAT releases October non-EU foreign trade (0900 GMT).
    
    DEBT
    Treasury sells 1.75-2.25 billion euros BTP Short-term due
Jan. 30, 2024 and 0.75-1.0 billion euros BTPei bonds due May 15,
2030. Subscriptions close at 1000 GMT.
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Nov. 30.
    
    COMPANIES
    
    TIM  TLIT.MI  
    The Italian government will discuss KKR's proposed takeover
on Telecom Italia when the U.S. fund makes a binding proposal,
Industry Minister Giancarlo Giorgetti said on Wednesday.
 urn:newsml:reuters.com:*:nR1N2SD00C
    More than 25% of Telecom Italia's voting rights have changed
hands since U.S. fund made this weekend a $12 billion approach
to take over the Italian phone group.  urn:newsml:reuters.com:*:nL8N2SF50L
    Shares in Tim gained 15.63% on Wednesday, strongly
outperforming Milan bourse, on market speculations over an
increase of KKR offer to win Vivendi's main shareholder
resistance to the proposal.
    
    GENERALI  GASI.MI 
    Italy's top insurer entered into exclusive talks with Credit
Agricole  CAGR.PA  to buy the French bank's health insurance
unit La Medicale, both companies said in a joint statement on
Wednesday.   urn:newsml:reuters.com:*:nFWN2SF0UJ   
    
    ENEL  ENEI.MI 
    Europe's biggest utility will stump up 170 billion euros
($191 billion) this decade to fund its green power and networks
businesses as it brings forward plans to become carbon-free to
2040. The group will spend 70 billion euros on renewable energy
to almost triple capacity it directly owns to 129 gigawatts (GW)
by 2030. "We need to electrify end consumption as much as
possible," Enel Chief Executive Francesco Starace said in a
presentation of the company's business plan.  urn:newsml:reuters.com:*:nL1N2SF0GO
    
    IPO
    Following completion of institutional placement, Italian
heating solutions group Ariston sets the pricing of ordinary
shares at €10.25 per share, at the bottom of the initial price
range, giving the company a market capitalization of 3.4 billion
euros. Ariston is expected to start trading on the Milan's
bourse on November 26 with a free float of 23.77% of its shares
 urn:newsml:reuters.com:*:nFWN2SF16H
    
    MEDIASET  MS.MI 
    Extraordinary shareholders' meeting (1000 GMT).
    
    CERVED GROUP  CERV.MI 
    Ordinary and extraordinary shareholders' meetings (1000
GMT).
    
    TAKE OFF  TKOF.MI 
    Clothing and accessories trading company debuts on Euronext
Growth Milan.
    
    DIARY
    Rome, Prime Minister Mario Draghi meets French President
Emmanuel Macron (1730 GMT).
    Rome, Chamber of Deputies Speaker Roberto Fico attends UP
legislative meeting and Standing Committee of the Parliamentary
Assembly (PACE) meetings (1400 GMT).
    Rome, Senate Budget Committee meets on budget.
    Rome, Senate Finance and Labor committees meet on fiscal
decree (0900 GMT and 1630 GMT).
    Rome, Energy Authority ARERA President Stefano Besseghini
(0900 GMT) and Industry Minister Giancarlo Giorgetti (1030 GMT)
speak before Parliamentary Committee for the Security of the
Republic (COPASIR) on energy security in the current phase of
ecological transition.
    Rome, state lender Cassa Depositi e Prestiti (CDP) holds
news conference to present "2022-2024 Strategic plan" with
President Giovanni Gorno Tempini and CEO Dario Scannapieco (1400
GMT).
    Turin, 7th Italian-Russian seminar on "Innovation, the
engine of the economy" (0800 GMT). Turin Mayor Stefano Lo Russo,
Intesa Sanpaolo  ISP.MI  Chairman Gian Maria Gros-Pietro, Banca
Intesa Russian unit Chairman Antonio Fallico to deliver opening
addresses; session on "Innovation as a driver for the
development of economic and trade relations among Russia, Italy
and Piedmont region" with Compagnia di San Paolo Secretary
General Alberto Anfossi, Gazprom Export Head of Directorate for
Contract and Pricing Sergey Komlev, Thales Alenia Space Italian
unit CEO Massimo Claudio Comparini, Avio  AVI.MI  Aero unit CEO
Riccardo Procacci, SACE representative Enrica Delgrosso; Antonio
Fallico delivers closing address.
    
    ((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/