Italy - Factors to watch on Jan. 12

Tamburi Investment Partners

12/01/2021 07:25

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 .
    
    GENERAL
    Italy reported 448 coronavirus-related deaths on Monday, up
from 361 the day before, the health ministry said, while the
daily tally of new infections fell to 12,532 from 18,627.
 urn:newsml:reuters.com:*:nR1N2DB002
    
    ECONOMY
    ISTAT releases November retail sales data (0900 GMT).
    
    DEBT
    Treasury sells 7.0 billion euros new 12-month BOT bills.
Subscriptions close at 1000 GMT.
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI 
    The Italian lender said on Monday it would grant access to
confidential data to potential merger partners selected by its
advisers, as Italy presses ahead with plans to cut its stake in
the state-owned bank.  urn:newsml:reuters.com:*:nL8N2JM4NE
    (*) Two foreign banks, possibly a French bank and a Spanish
one, could be interested in accessing the data room, Il
Messaggero reported without quoting sources.
    
    UNICREDIT  CRDI.MI 
    Italy's second-biggest bank is expected to hold a nomination
committee meeting on Tuesday ahead of a board meeting the
following day that will examine progress made in selecting a new
CEO without, however, taking any formal steps in this regard,
according to two people familiar with the matter.
    
    (*) BANCO BPM  BAMI.MI  
    Italy's Treasury, which had looked at Italy's third-largest
bank as a potential partner for Monte dei Paschi last year,
wants to sound out whether it could be interested in accessing
the data room, a person familiar with the matter said on Monday.
    The bank has put on hold the sale of 500 million euros in
loans granted to property developer Giuseppe Statuto because
bids received from investors including Bain, Apollo, King
Street, DeA Capital and Fortress were too low, MF reported.
    
    (*) FIAT CHRYSLER AUTOMOBILES  FCHA.MI 
    Moody's on Monday raised to 'Baa3' from 'Ba2' the Italian
American carmaker's senior unsecured long-term rating, while
assigning a 'Baa3' issuer rating to Stellantis, the group to be
born from FCA's merger with rival PSA  PEUP.PA .

    (*) CREVAL  PCVI.MI  
    Investors accounting for more than 16% of the Italian bank's
capital are willing to take up Credit Agricole Italia's buyout
offer for Creval only if the price is improved, MF reported.
    
    PRYSMIAN  PRY.MI 
    Tamburi Investment Partners (TIP)  TIP.MI  said on Monday
its Clubtre subsidiary had concluded at a price of 29.250 euros
per share the sale of a 3.73% stake in Prysmian through an
accelerated bookbuilding procedure.  urn:newsml:reuters.com:*:nBIA7Hfn8L
     
    TELECOM ITALIA  TLIT.MI 
    The former phone monopoly raised 1 billion euros ($1.2
billion) with its first green bond, as Italy's biggest phone
group strives to upgrade its networks.  urn:newsml:reuters.com:*:nL8N2JM1W3
    
    BRUNELLO CUCINELLI  BCU.MI 
    The Italian luxury group posted a 10% drop in 2020 revenues,
in line with the company's guidance and a touch better than
analyst expectations, due to a strong rebound in the second part
of the year despite the COVID-19 pandemic.nL8N2JM5H0]
    
    POSTE ITALIANE  PST.MI 
    Italy's antitrust authority has ordered the former postal
monopoly to take steps to solve competition issues in relation
to its bid for domestic rival Nexive, the regulator said in its
bulletin.
    (*) An update of the group's business plan will be presented
in February, Il Sole 24 Ore reported.
    
    (*) FINECOBANK  FBK.MI  
    CEO Alessandro Foti told Il Sole 24 Ore daily the group had
no interest in getting involved in the merger and acquisition
process brewing in the asset management sector.
           
    DIASORIN  DIAS.MI  
    The Italian medical diagnostics group said on Monday it had
launched its new LIAISON SARS-CoV-2 TrimericS IgG test for
COVID-19 with a 'CE' mark scheme, adding the test could be used
to asses the effectiveness of coronavirus vaccines  urn:newsml:reuters.com:*:nBIA2pnrKl
    
    DIARY
    Rome, cabinet meeting (2030 GMT).
    Rome, Interior Minister Luciana Lamorgese informally speaks
via videoconference before the Senate's EU Policy Committee on
the examination of Asylum and Migration (1200 GMT).
    Rome, Environment Minister Sergio Costa speaks before
Chamber of Deputies Environment Committee and Senate Agriculture
Committee on COP26 and COP-youth (0900 GMT).
    Rome, Industry Minister Stefano Patuanelli speaks via
videoconference before Chamber of Deputies and Senate Defence
committees on examination of 2020-2022 defence planning document
(1300 GMT).
    
    ((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/