Italy - Factors to watch on April 15

Zest SpA

15/04/2021 05:00

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 .
    
    ECONOMY
    ISTAT releases March CPI final data (0800 GMT).
    Bank of Italy releases February data on public finances,
state borrowing and debt.
    
    POLITICS
    President Tayyip Erdogan accused Italian Prime Minister
Mario Draghi on Wednesday of behaving with "impertinence and
disrespect" after he called the Turkish leader a "dictator".
 urn:newsml:reuters.com:*:nL8N2M759S
    
    COMPANIES
    UNICREDIT  CRDI.MI 
    Shareholders in Italy's No.2 bank are set to back the
appointment of CEO-designate Andrea Orcel at Thursday's general
meeting, where they are also called to vote on a new
remuneration policy that sets the new boss' pay at up to 7.5
million euros.
    
    STELLANTIS  STLA.MI 
    Italy's Agnelli and France's Peugeot, the largest
shareholders in Stellantis, have signed a consultation
agreement, holding companies representing the two families said
on Wednesday, on the eve of the carmakers' first annual general
meeting.  urn:newsml:reuters.com:*:nL8N2M75E9
    
    CREVAL  PCVI.MI 
    Credit Agricole Italia has decided to increase the price of
its buyout offer for Italy's Creval and is now ready to pay 12.2
euros per share up from the initial 10.5 euros, the lender said,
confirming what a source had told Reuters. 
    The Italian arm of French bank Credit Agricole  CAGR.PA 
would further increase the price paid for each Creval share to
12.5 euros if shares corresponding to more than 90% of the
bank's capital were tendered.  urn:newsml:reuters.com:*:nL8N2M75Z8 urn:newsml:reuters.com:*:nFWN2M70Y9
    
    ATLANTIA  ATL.MI 
    Italy's government will decide later on whether to use the
so-called 'golden powers' in Atlantia's planned sale of its
motorway unit Autostrade per l'Italia, Infrastructure Minister
Enrico Giovannini told Rai TV channel on Wednesday.  urn:newsml:reuters.com:*:nS8N2LR00U
    Spanish infrastructure group ACS  ACS.MC  has hired French
investment bank Societe Generale to advise it on its up to 10
billion euro ($11.98 billion) potential offer for Autostrade per
l'Italia, two sources with knowledge of the matter said on
Wednesday.  urn:newsml:reuters.com:*:nL8N2M75I6
    The Italian infrastructure group will hold a board meeting
on Friday to decide whether the binding offer presented in March
by the CDP-led consortium could be submitted to a shareholders
meeting in the coming month.
    Atlantia said traffic on its Italy motorways rose 217%
year-on-year last week.  urn:newsml:reuters.com:*:nS8N2LR00S
    
    MEDIASET  MS.MI 
    The Italian broadcaster remains open to considering any
"good proposal" from shareholder Vivendi  VIV.PA  despite the
fact that there are media companies that would be a better fit
for Mediaset, CFO Marco Giordani told The Voice of Business in a
video interview. "Any idea that gets thrown our way we would
consider it," he said.
    
    SAFILO  SFLG.MI 
    The eyewear company said on Wednesday that an agreement has
been reached with the trade unions and the work council
regarding the closure of the Ormož production site in Slovenia
starting from June.  urn:newsml:reuters.com:*:nFWN2M70XE 
    
    TENARIS  TNR.MI 
    Russia's Lukoil has chosen Tenaris for its first project in
Mexico.  urn:newsml:reuters.com:*:nNDLbzvv9k
        
    BANCA MEDIOLANUM  BMED.MI 
    Annual general meeting (0800 GMT).
    
    BANCO BPM  BAMI.MI 
    Annual and extraordinary shareholders' meeting (0830 GMT).
    
    CNH INDUSTRIAL NV  CNHI.MI 
    Annual general meeting (1530 GMT).
    
    FERRARI NV  RACE.MI 
    Annual general meeting (1200 GMT).
    
    STELLANTIS NV  STLA.MI 
    Annual general meeting (1230 GMT).
    
    MAIRE TECNIMONT  MTCM.MI 
    Annual general meeting (0830 GMT).
    
    OVS  OVS.MI 
    Board meeting on FY results (closed on Jan. 31).
    
    AUTOSTRADE PER L'ITALIA  ATL.MI 
    Annual general meeting.
    
    DIARY
    G20 holds "1st Africa Advisory Group Meeting".
    Online event on "A sustainable country" with Transport
Minister Enrico Giovannini, ERG  ERG.MI  CEO Luca Bettonte (0900
GMT).
    Webinar on "Obliged to grow. The tomorrow of today's youth"
with Youth Policy Minister Fabiana Dadone, Telecom Italia (TIM)
 TLIT.MI  CEO Luigi Gubitosi, INWIT  INWT.MI  CEO Giovanni
Ferigo, LVenture Group  LVEN.MI  CEO Luigi Capello, Vetrya
 VTY.MI  CEO Luca Tomassini (0730 GMT).
    Rome, G20 continues "2nd Employment Working Group Meeting";
ends on April 16.
    Rome, U.N. High Commissioner for Refugees Filippo Grandi
speaks before Chamber of Deputies foreign Affairs Committee
(0630 GMT). 
    Rome, Chamber of Deputies Speaker Roberto Fico attends via
video-conference the 27th Conference of Presidents of the
Parliaments of the Adriatic-Ionian Initiative (0900 GMT);
receives U.N High Commissioner for Refugees Filippo Grandi (1230
GMT).
    Rome, Health Minister Roberto Speranza speaks before Chamber
of Deputies on vaccines (1000 GMT).
    Rome, Industry Minister Giancarlo Giorgetti speaks via
videoconference before Chamber of Deputies Industry Committee
together with Senate Industry, Commerce and Tourism committees
on the policy lines of his ministry (0630 GMT).
    Rome, Industry Minister Giancarlo Giorgetti holds
videoconference with Piedmont region Governor Alberto Cirio and
Veneto region Governor Luca Zaia on  Embraco-Acc (0900 GMT).
    Rome, Equal Opportunity and Family Minister Elena Bonetti
speaks before Parliamentary Youth Committee on child and
adolescent policies in the national recovery and resilience plan
(0600 GMT).
    Rome, Italian banking association ABI Director General
Giovanni Sabatini speaks before Chamber of Deputies state lender
Cassa Depositi e Prestiti Supervisory Committee (1200 GMT).
    Rome, Council of State expected to rule over the reform that
forces large Italian mutual lenders to become joint-stocks
companies.
    Turin, trade unions meet with management of Stellantis
 STLA.MI  in presence.
    
    ((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/