Italy - Factors to watch on June 17

UnipolSai Assicurazioni SpA

17/06/2024 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
    Since taking office in 2022, Italian Prime Minister Giorgia
Meloni has proved a pragmatic partner on major international
issues, assuaging fears she would be a dogmatic conservative
unwilling to compromise.
    But at the Group of Seven summit that she hosted in southern
Italy this week, Meloni showed she had some red lines dear to
her nationalist camp that she was ready to fight for, especially
issues relating to the family and reproduction rights.
    
    ECONOMY
    ISTAT releases May CPI final data (0800 GMT).
    
    COMPANIES
    STELLANTIS  STLAM.MI 
    China's Leapmotor said in an analyst call that the first
model from its joint venture with Stellantis rolled off the
assembly production line in Poland last week and is on track for
mass production in September, Jefferies said in a note, adding
that a second model is set to be produced in the same plant in
Q1 next year. 
    
    The Italian government is discussing with China the
possibility of Chinese automaker Dongfeng  0489.HK  opening a
plant in Italy to produce at least 400,000-500,000 electric cars
a year, Corriere della Sera said on Sunday, citing Industry
Minister Adolfo Urso. 
    
    BANCA MONTE DEI PASCHI DI SIENA (MPS)  BMPS.MI 
    As Italy's Treasury looks for anchor investors to sell its
remaining stake in the bank, Italian insurance group Unipol
 UNPI.MI  could buy a 10% stake in the bank, Milano Finanza
reported on Saturday, citing scenarios drawn up by investment
banks. Asset manager and MPS partner Anima  ANIM.MI  may also be
interested in buying a stake in the bank, the paper added.
     
    NEXI  NEXII.MI   
    Spain's Sabadell postponed the completion of the sale of its
retailers' payments business to Nexi after the hostile takeover
by BBVA, two sources with knowledge of the matter said on
Friday.
    
    BANCO BPM  BAMI.MI  
    The bank is about to finalise the deal to join forces with
Iccrea Banca and domestic private equity fund FSI to create
Numia, formerly known as Bcc Pay, Italy's second-largest digital
payments business after Nexi.   
    Milano Finanza said on Saturday the closing would happen in
the coming weeks, while Corriere della Sera said on Sunday it
was due "by September".
    
    PIRELLI  PIRC.MI   
    S&P Global Ratings on Friday raised the tyremaker's outlook
to "positive" from "stable" thanks to positive deleveraging
prospects, it also confirmed "BBB-" rating.
    
    ENEL  ENEI.MI  
    CEO Flavio Cattaneo met Brazilian President Luiz Inacio Lula
da Silva on the sidelines of the G7 summit in Italy and
discussed with his entourage the company's investment and hiring
plans in Brazil, several Italian newspapers reported on Sunday. 
    
    FINCANTIERI  FCT.MI 
    Reverse stock split on ordinary shares.
    
    M&A, PRELIOS
    Privately owned fintech group ION has received a green light
from Italy's central bank to buy the bad loan and property
manager from U.S. hedge fund Davidson Kempner, two sources with
knowledge of the matter said on Friday.
    
    M&A, SORGENIA
    Italian infrastructure fund F2i is working to merge its two
energy units, Sorgenia and Ef Solare, Corriere della Sera
reported on Saturday. A group of investors including U.S. funds
KKR and Apollo, a Canadian state-backed fund and France's Ardian
submitted preliminary offers for a 40% stake, valued at around 1
billion euros, in the new entity, the paper said, adding that
binding bids are expected by the end of June. 
    
    DIARY
    Brussels, Italian Prime Minister Giorgia Meloni takes part
in informal EU leaders' meeting on nominations for EU top jobs.
    Cremona, Economy Minister Giancarlo Giorgetti meets local
business associations.
    Serie A top soccer league holds an assembly via
videoconference on international TV rights for 2024-2025 and
following seasons.
    
    ((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/