Italy - Factors to watch on Nov. 18

Trevi Finanziaria Industriale SpA

18/11/2019 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 
    European Central Bank Governing Council member Ignazio Visco
said on Friday he was in favour of reforming the euro zone's
bailout fund but that some proposals carried risks that needed
to be carefully considered.  urn:newsml:reuters.com:*:nL8N27V3UJ
    
    COMPANIES 
    MEDIASET  MS.MI 
    The Italian broadcaster has offered to buy around 20% of its
shares owned by French media group Vivendi at a price of 2.77
euros per share, Il Corriere della Sera and Il Sole 24 Ore
reported on Saturday, adding no deal had been reached so far.
    Investment fund Peninsula could take part of Mediaset's
stake from Vivendi, Il Sole 24 Ore said, adding Czech tycoon
Daniel Kretinsky was also interested in buying shares in the
Italian broadcaster.  
    
    LEONARDO  LDOF.MI 
    The Italian defence group and Falcon Aviation Services are
presenting a rotorcraft-dedicated terminal concept at the Dubai
Air Show, Leonardo said on Sunday. One of these terminals will
be established in Dubai next year near the area where Expo 2020
will take place, the group said, adding several rotorcraft
terminals may be established in other geographies.    
    
    UNICREDIT  CRDI.MI , FINECOBANK  FBK.MI 
    The Italian bank said on Friday it would use notes from a
7.75 billion euro securitisation of corporate loans to replace
Italian government bonds it had pledged to post as collateral
for Fineco following the sale of the former online banking unit
to mitigate its large exposure to UniCredit.  urn:newsml:reuters.com:*:nMDY4NqfrX
    
    TELECOM ITALIA  TLIT.MI 
    Italy's biggest phone group is asking infrastructure funds
to come up with bids next week for the assets of smaller
broadband rival Open Fiber that will include its own last-mile
network, sources said.  urn:newsml:reuters.com:*:nL8N27U4GW
    
    IREN  IREE.MI 
    The municipalities of Turin, Genoa and Reggio Emilia --
which are Iren's shareholders -- are ready to support the group
in its M&A activity, including the potential acquisitions of
rivals Sorgenia and Compagnia Valdostana delle Acque (CVA), Il
Sole 24 Ore reported on Sunday citing a statement of the
municipalities. 
    
    CATTOLICA  CASS.MI 
    The insurer on Saturday denied media speculation saying
Managing Director Carlo Ferraresi would leave his job. 
        
    TREVI FINANZIARIA  TFI.MI 
    Trevi on Friday said that an Italian court rejected the
approval of the restructuring agreement reached with creditors
presented by the company. Trevi believes that the decision of
the court is totally wrong and added it would appeal the
decision.  urn:newsml:reuters.com:*:nBIA1PQq8z
    
    RECORDATI  RECI.MI 
    The pharma group on Friday said the Committee for Medicinal
Products for Human Use had recommended the granting of a
marketing authorisation for Isturisa, a drug for which Recordati
had recently acquired worldwide rights from Novartis.
 urn:newsml:reuters.com:*:nNDL3RxX7R
     
    UBI BANCA  UBI.MI 
    Fitch on Friday confirmed the Italian bank's 'BBB-' rating
with a negative outlook citing UBI's "improving asset quality,
feeble profitability, acceptable capitalisation."  urn:newsml:reuters.com:*:nFIT916rNs
    
    GAROFALO HEALTH CARE  GHC.MI 
    The Italian healthcare group posted on Friday a 19% rise in
nine-month revenue boosted by M&A and said the adjusted
operating EBITDA margin was higher when including acquisitions
in the period.  urn:newsml:reuters.com:*:nFWN27V0J2
    
    PIAGGIO AEROSPACE  unlisted 
    Italy's industry ministry on Friday gave its formal approval
to a plan to relaunch the group and find a buyer. Temporary
administrator Vincenzo Nicastro said the goal was to sell the
company in its entirety and conclude the process by the autumn
of 2020.    
        
    Trade ex-dividend: BANCA MEDIOLANUM  BMED.MI  of 0.21 euro
per share as interim 2019 dividend; DANIELI  DANI.MI  of 0.15
euro per ordinary share and of 0.1707 euro per saving share;
MEDIOBANCA  MDBI.MI  of 0.47 euro per share; RECORDATI  RECI.MI 
of 0.48 euro per share as interim 2019 dividend; POSTE ITALIANE
 PST.MI  of 0.154 euro per share as interim 2019 dividend; TERNA
 TRN.MI  0.0842 euro per share as interim 2019 dividend.
    
    DIARY
    Rome, state lender Cassa Depositi e Prestiti (CDP) holds
170th anniversary celebrations with President Giovanni Gorno
Tempini, CEO Fabrizio Palermo, Italian President Sergio
Mattarella, Economy Minister Roberto Gualtieri (1000 GMT)
    Milan, insurance conference starts (1330 GMT), ends on Nov.
19. Expected attendees include Italian Insurance Chief
Supervisor Stefano De Polis, Assicurazioni Generali  GASI.MI 
Chairman Gabriele Galateri di Genola, Unipol Group  UNPI.MI  CEO
Carlo Cimbri (via video conference), UnipolSai  US.MI  Director
General Matteo Laterza.
    
    ((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/