Italy - Factors to watch on Sept. 22

Vincenzo Zucchi SpA

22/09/2016 08:00

The following factors could affect Italian markets on Thursday. 
    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 
    Treasury announces sale of BTPei and CTZ bonds, with 
relative amounts to be auctioned on Sept. 27. 
     
    COMPANIES 
    (*) MONTE DEI PASCHI DI SIENA  BMPS.MI  
    European Banking Authority Chairman Andrea Enria told La 
Stampa that banks should consider tapping state aid if needed to 
offload bad loans, when asked if public support was an option 
for Monte dei Paschi.  urn:newsml:reuters.com:*:nI6N1BK01D 
    The government is again considering the possibility of 
providing a state guarantee for Monte dei Paschi's 5 billion 
euro cash call, MF reported adding a political decision to head 
in this direction had not been taken yet.     
     
    BANKS 
    (*) Corriere della Sera said in an unsourced report European 
circles in Berlin and Paris had considered encouraging Italy to 
tap European funds to help its banks. 
    The take-up of funds by Italian banks at the ECB's second 
TLTRO2 operation could be meager, the president of Assiom Forex 
Massimiliano Sinagra said on Monday.  urn:newsml:reuters.com:*:nL8N1BX46L 
     
    UNICREDIT  CRDI.MI , BANCA GENERALI  BGN.MI , FINECOBANK 
 FBK.MI  
    Banca Generali is working with Goldman Sachs in talks to buy 
UniCredit's controlling stake in online broker/bank FinecoBank, 
but the parties remain far apart on price due to its holdings of 
UniCredit bonds, two sources said on Wednesday.  urn:newsml:reuters.com:*:nL8N1BX3PO 
     
    (*) MEDIASET  MS.MI , VIVENDI  VIV.PA  
    The Italian broadcaster is expected to approve at a board 
meeting later this month a request for expedited proceeding in 
its lawsuit against French media group Vivendi  VIV.PA , Il Sole 
24 Ore reported. The paper also quoted Mediaset CFO Marco 
Giordani as saying the CEO of Vivendi was not credible when he 
said he was interested in reaching an agreement. 
    Mediaset and Vivendi are keen to avoid engaging in a long 
legal battle, MF reported citing several sources close to the 
matter. A revised business plan for Mediaset Premium and a lower 
valuation for the asset would be the basis to reach a new accord 
that would focus on seeking a third investor in the pay-TV unit 
and defining Vivendi's holding in Mediaset. 
         
   (*) DAVIDE CAMPARI  CPRI.MI  
   The beverage company said it had prepaid in full U.S. private 
placement notes totalling 310 million euros after underwriting 
two loan facilities, measures that will allow it to reduce its 
cost of funding.  urn:newsml:reuters.com:*:nBIA2209d  
     
    ZUCCHI  ZUCI.MI  
    Sales in the first half were 36.6 million euros from 44 
million euros the previous year. EBITDA rose to 0.9 million 
euros from a loss of 4.4 million euros.  urn:newsml:reuters.com:*:nBIA2133e 
       
    EXOR  EXOR.MI  
    Period to exercise exit rights ends. 
     
    ((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/SEPT. 22