Italy - Factors to watch on Feb. 16

Vincenzo Zucchi SpA

16/02/2018 07:50

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 . 
     
    COMPANIES 
    ENI  ENI.MI  
(*) The Italian oil major signalled on Friday it could create 
"substantial surplus value" for shareholders in the future after 
profits in the fourth quarter more than doubled, beating market 
expectations.  I6N1PR01E     
    A Nigerian court has set a hearing over a disputed 2011 
oilfield deal for June 18, the country's financial crimes 
watchdog said on Thursday, part of a string of international 
corruption probes into the purchase. The case relates to a 
purchase of the offshore OPL 245 oilfield in Nigeria by oil 
majors Royal Dutch Shell  RDSa.L  and Eni in 2011.  urn:newsml:reuters.com:*:nL8N1Q57I4 
     
(*) FIAT CHRYSLER  FCHA.MI  
    The carmaker is expected to discuss a plan to list Magneti 
Marelli unit at a board meeting to be held in the next 10 days 
at latest, Il Sole 24 Ore and Corriere della Sera reported. Fiat 
Chrysler could put on the market 50 percent of the unit, Il Sole 
24 Ore said, adding the unit could have a value of 6 billion 
euros.       
    The carmaker and Credit Agricole has signed a deal to extend 
their joint venture Fca Bank to the end of 2022, several 
newspapers said. 
     
(*) AUTOGRILL  AGL.MI      
    The travel caterer has contacted investment banks about a 
potential sale of the group's Italian business in the coming 
months, Italian daily MF said, citing Carlyle  CG.O , KKR and 
Blackstone among potential suitors. 
     
(*) LEONARDO  LDOF.MI  
    The group CEO Alessandro Profumo denied he could move to 
Italian state lender Cassa Depositi e Prestiti, Il Sole 24 Ore 
said citing a speech of Profumo to Leonardo's executives.     
     
    TELECOM ITALIA  TLIT.MI  
    Italy's Antitrust authority said on Thursday it was 
investigating Italy's TIM, Vodafone, Fastweb and Wind Tre on 
suspicion of operating anti-competitive billing practices. 
 urn:newsml:reuters.com:*:nL8N1Q56ZJ 
    The phone group said it had always complied with existing 
regulation and that it categorically ruled out any coordination 
of its commercial strategy with other operators with regards to 
billing rules.  urn:newsml:reuters.com:*:nI6N1PR01H 
    TIM's top investor Vivendi  VIV.PA  on Thursday said it 
supported TIM's management under the leadership of CEO Amos 
Genish and that it is having "positive" discussions with Italy's 
government over the use of the so-called "golden powers" on TIM. 
 urn:newsml:reuters.com:*:nP6N1LS04E 
     
(*) TELECOM ITALIA  TLIT.MI , GEDI  GEDI.MI , RAYWAY  RWAY.MI  
    The group has received only an offer for its Persidera unit, 
La Stampa reported adding the bid was filed by a consortium 
comprising F2i and RaiWay and had a value well below the 350 
million euros targeted by Telecom Italia. 
     
(*) SNAM  SRG.MI  
    The European Bank for Reconstruction and Development 
(EBRD)could present an offer for Greece's Desfa together with 
Reganosa and Transgaz, Il Sole 24 Ore reported. 
    The Trans-Adriatic Pipeline (TAP) is crucial for European 
energy security, its creation is at an advanced state and "not a 
thing can be changed", EU Commission Vice President Maros 
Sefcovic said in an interview with Il Messaggero. Sefcovic added 
that the pipeline is "safe, has no impact on the environment and 
supports Europe's de-carbonisation process."  
     
(*) TOD'S  TOD.MI  
    Chairman Diego Della Valle said that his family had no 
intention of selling the business, in an interview with the 
Financial Times. Della Valle added that so-called Millenials - 
young consumers - "are a marvellous thing, but not for everyone, 
and certainly not all the time" as the group focuses on its more 
classical looking products.          
 
(*) GENERALI  GASI.MI  
    Financial conglomerate China Tianying is among the investors 
interested to buy the Portugal business of the Italian insurer, 
Il Sole 24 Ore said citing Dealreporter.      
     
(*) IPO 
    Tech-insurance group Octo Telematics aims to list on Milan 
stock exchange before the summer, Il Sole 24 Ore said, adding 
Barclays and UniCredit could join Mediobanca, Citi and Goldman 
Sachs as advisers for the IPO.         
     
    MEDIASET  MS.MI  
    Vivendi's CEO said on Thursday the group still hopes to find 
an agreement with the Italian broadcaster.  urn:newsml:reuters.com:*:nP6N1LS04E  
     
    EXOR  EXOR.MI  
    The group said on Thursday it privately placed a 200 mln 
euro non-convertible bond to refinance its short-term debt. 
 urn:newsml:reuters.com:*:nL8N1Q57LT 
         
    BB BIOTECH  BIO.MI  
    Board meeting on FY results (preliminary results on Jan. 
19). 
     
    ZUCCHI  ZUCI.MI  
    Saving shareholders' meeting (1400 GMT). 
     
    ALITALIA  CAITLA.UL  
    Transport Minister Delrio said on Thursday there weren't the 
conditions to sell the airline "in this moment" and that the 
government would continue to work in that direction. 
 urn:newsml:reuters.com:*:nL8N1Q57C1  
(*) Air France KLM  AIRF.PA , Easyjet, Delta and Cerberus have 
joined forces to present an offer for the Italian carrier, 
several newspapers said, adding the consortium could meet 
special commissioners on the sale of Alitalia next week. 
                
         
     
     
    ((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/FEB. 16