Italy - Factors to watch on March 18
18/03/2019 05:00
MILANO, March 18 (Reuters) - 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 Late on Friday, rating agency Moody's left unchanged its 'Baa3' rating on the Italian sovereign debt with a stable outlook after a one-notch downgrade last October. COMPANIES TELECOM ITALIA TLIT.MI Top shareholder Vivendi VIV.PA has urged Italian market watchdog Consob and TIM's auditors to further investigate what it called governance issues at the Italian group. urn:newsml:reuters.com:*:nL8N2125BJ Open Fiber Chairman Franco Bassanini on Saturday denied that he could be proposed as chairman of TIM to resolve a dispute among the phone group's top shareholders, following a report in Il Sole-24 Ore daily on Saturday about his possible appointment. State lender CDP, which owns half of Open Fiber and has a stake of just under 10 percent in TIM, has a series of talks tabled with stakeholders including Vivendi providing they agree to the idea of a single network, Il Messaggero said on Sunday. INTESA SANPAOLO ISP.MI Italy's biggest retail bank denied on Friday that it was in contact with Russia's Gazprom GAZP.MM about a possible investment in the Nord Stream 2 pipeline. urn:newsml:reuters.com:*:nS8N1IX00X SAIPEM SPMI.MI The Italian oil services company is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros, six sources told Reuters. urn:newsml:reuters.com:*:nL8N2113JW ATLANTIA ATL.MI , LEONARDO LDOF.MI , FINCANTIERI FCT.MI A series of companies have seen the books of Alitalia in recent weeks to decide whether to invest in the troubled flagship carrier as financial partners, Corriere della Sera said on Sunday. The groups include Atlantia, Fincantieri, Leonardo and state lender CDP fund 4R. But the head of Atlantia's Italian unit ASPI said he was not interested, the paper said. The paper cited two sources as saying Delta was mulling investing 100 million euros in Alitalia as an industrial partner and then slowly increasing its stake as targets are met. (*) Delta has agreed to buy 10 percent of Alitalia initially, with a pledge to double that stake within four years if targets set in the carrier's business plan are fulfilled, Il Messaggero said on Monday. State railway company Ferrovie dello Stato would increase its stake in Alitalia to 40 percent, the paper said, adding that Fincantieri was willing to take a 10-15 percent holding. (*) MEDIASET MS.MI CEO Pier Silvio Berlusconi said in an interview with Corriere della Sera daily that the group aimed to grow abroad and become the only pan-European free-to-air broadcaster. He said the company was "talking to everyone" and, talking about the timeframe for a possible deal, said "the sooner the better." UBI BANCA UBI.MI The main shareholders of the bank that hold 22 percent of its capital said they had proposed current CEO Victor Massiah for reappointment at the bank's April shareholder meeting that will name a new single board to replace its present dual board structure. Vice chairman candidate is former UniCredit manager Roberto Nicastro. (*) ATLANTIARecent news on Telesia SpA
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