Italy - Factors to watch on Sept. 22

UIL Co

22/09/2023 05:00

The following factors could affect Italian markets on Friday.
    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
    The Treasury said on Thursday it would offer up to 4.75
billion euros in short-term and inflation-linked BTPs at auction
on September 26.
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on Sept. 27.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI  
    The phone group said on Thursday it has successfully
completed a 750-million-euro tap issue of the bond issued in
July, through a private placement. 
    According to legal opinions due to be presented soon to the
board, the phone group does not need to hold a shareholders'
meeting to approve the sale of its landline grid, a source close
to the matter told Reuters. 
    Two other sources close to the matter said three other legal
opinions requested by top shareholder Vivendi  VIV.PA  say that
the sale needs to be approved by an extraordinary shareholders'
meeting, giving Vivendi the chance to block the deal. 
        
    SNAM  SRG.MI , ITALGAS  IG.MI 
    The gas grid operator said on Thursday it started offering a
500-million-euro ($533.15 million) five-year senior unsecured
bond, a EU-taxonomy-aligned transition operation that will be
exchangeable for existing Italgas ordinary shares.
    
    BIALETTI  BIA.MI 
    Auditors at KPMG said on Thursday there was significant
uncertainty about the group's business continuity.
    
    DIARY
    Rome, ISTAT holds news conference to present revisions to
2020-2022 annual national accounts flash data (0800 GMT).
    Private Equity, Venture Capital and Private Debt Association
(AIFI) and PwC Italia present private equity and venture capital
markets H1 results online with AIFI President Innocenzo
Cipolletta (0900 GMT).
    Rome, Industry Minister Adolfo Urso chairs meeting with
trade unions CGIL, CISL, UIL, UGL.
    Rome, CNEL holds ceremony for the inauguration of 11th
Council in the presence of President Sergio Mattarella, Economy
Minister Giancarlo Giorgetti (0830 GMT).
        Milan, REVO Insurance  REVOI.MI  holds inauguration
ceremony of new headquarters with Chair Antonia Boccadoro and
CEO Alberto Minali (1300 GMT).
  
        Florence, conference "The evolution of banking business
models between new corporate financial needs, technological
innovations and regulatory interventions" starts (1200 GMT);
ends on Sept. 23. On Friday expected attendees include at panel
"The evolution of banking business models" Intesa Sanpaolo
 ISP.MI  Chief Economist Gregorio De Felice, Banco BPM  BAMI.MI 
co-General Manager CFO Edoardo Ginevra, shopkeepers' association
Confesercenti President Patrizia De Luise, Poste Italiane
 PST.MI  Chairwoman Silvia Rovere; Bank of Italy Vice President
and insurance supervisor IVASS President Luigi Federico
Signorini delivers closing remarks (1300 GMT).
  
    Genoa, Prime Minister Giorgia Meloni visits 63rd edition
Boat Show, with Liguria region Governor Giovanni Toti, Genoa
Mayor Marco Bucci (afternoon).
    Pescara, Industry Minister Adolfo Urso delivers closing
address at "Abruzzo Economy Summit" (1600 GMT).    
    
    ((Milan newsroom, e-mail: reutersitaly@thomsonreuters.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/