Italy - Factors to watch on Jan. 22
22/01/2018 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 .
POLITICS
Right-wing party Forza Italia pledges to keep Italy's public
deficit below 3 percent of gross domestic product (GDP),
privatise state assets worth 3 percent of GDP and lower the debt
to GDP ratio to "near" 100 percent in five years if it wins
upcoming general elections on March 4, party's leader and former
Prime Minister Silvio Berlusconi told Corriere della Sera on
Sunday.
5-Star political movement has presented a 20-point programme
for the elections, which makes no reference to a referendum on
the euro and targets a reduction of 40 points in the debt-to-GDP
ration over the next 10 years.
COMPANIES
ATLANTIA ATL.MI
Italian airports and motorway operator Atlantia said on
Friday it would call a shareholder meeting to vote on changes to
its offer for Spanish rival Abertis ABE.MC , as it seeks to
strengthen its hand in a bid battle. urn:newsml:reuters.com:*:nL8N1PE4Z6
If Atlantia decides to waive the 10.1 percent minimum
acceptance threshold for the share component in its offer for
Abertis ABE.MC , rival bidder Hochtief HOTG.DE will come
under pressure to improve the equity component of its offer, Il
Sole 24 Ore wrote on Sunday.
MEDIASET MS.MI , TELECOM ITALIA TLIT.MI
An Italian regional court said it would postpone to July 4
the first hearing of an appeal filed by Vivendi VIV.PA against
an Italian communications authority's decision regarding the
French group's stakes in Telecom Italia and Mediaset.
urn:newsml:reuters.com:*:nL8N1PF0BO
Italian broadcaster Mediaset has lost patience with Vivendi
over a negotiation about a failed pay-TV deal and is determined
to fight in court, La Repubblica reported on Saturday. The daily
cited sources close to Vivendi saying that the French group,
instead, is confident about reaching a compromise soon.
An agreement to settle the dispute between Mediaset and
Vivendi by Feb. 27 is "highly unlikely", Il Giornale said.
Telecom Italia's board members will be on a business trip in
Paris on Monday and Tuesday to visit Vivendi's and Canal plus'
headquarters, several Italian newspapers reported.
Italy's industry ministry has asked for advise to the
Italy's Avvocatura di Satato about a fine it could issue against
Telecom Italia using its so-called "Golden power", Il Sole 24
Ore said on Sunday. It added industry ministry's officials last
week met with Telecom Italia's executives to start discussing a
possible separation of the company's fixed network.
There are few chances that Mediaset, Telecom Italia and
Vivendi's Canal Plus will team up to bid for TV soccer rights
related to Italy's Serie A, Il Sole 24 Ore said on Sunday.
BANCA CARIGE CRGI.MI
Credit Agricole has not M&A dossier on the table at the
moment, Giampiero Maioli, head of the Italian unit of the French
lender, told Il Messaggero on Sunday when asked about a possible
appetite for Banca Carige.
IPO, ITALO
Italian railway group Italo, which is planning an initial
public offering, said on Friday shareholders had approved a buy
back of up to 1 percent of share capital for up to 20 million
euros ($24.5 million), implying a valuation of around 2 billion
euros. urn:newsml:reuters.com:*:nI6N1OK01W
GENERALI GASI.MI , FINCANTIERI FCT.MI
Executives of Generali and Fincatieri will be among the
managers attending a meeting with the French government at
Palace of Versailles on Monday to discuss investments in France,
several Italian newspapers reported over the weekend.
MONDADORI MOED.MI
French publisher Reworld Media ALREW.PA is studying an
offer to buy the French division of Mondadori, daily Il Sole 24
Ore reported on Saturday.
Trade ex-dividend: ENEL ENEI.MI of 0.105 euro per share as
2017 interim dividend; SNAM SRG.MI of 0.0862 euro per share as
2017 interim dividend.
((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/
Keywords: ITALY FACTORS/JAN. 22