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 (*).

DEBT

Treasury to detail sale of BTP Short and BTPEi at auction on June 24.

Treasury closes sale of BTP ITALIA SI' bond for retail investors (1100 GMT).

COMPANIES

UNICREDIT CRDI.MI

Riccardo Orcel, a former senior banker at Russian state-backed bank VTB Group and brother of CEO Andrea Orcel, helped broker a recent agreement to sell the Italian bank's Russia business, Reuters reported exclusively on Thursday.

BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

The government will take a neutral stance regarding merger and acquisition moves targeting the bailed-out Tuscan bank, the economy minister told parliament on Thursday.

Addressing lawmakers in the Senate, Giancarlo Giorgetti also said that a share placement through an accelerated bookbuilding procedure (ABB) would be "one of the best solutions" to cut Italy's residual 5% stake in MPS.

(*) BANCO BPM BAMI.MI

The French bank Credit Agricole CAGR.PA is considering increasing its stake in the Italian lender as it mulls how to respond to a wave of deal making in Italy's banking sector, Bloomberg reported on Thursday citing people familiar with the matter and adding no decision has yet been taken.

(*) POSTE ITALIANE PST.MI, TIM TLIT.MI

Intesa SanPaolo ISP.MI, UniCredit CRDI.MI, Bnp Paribas BNPP.PA, Deutsche Bank DBKGn.DE and Jp Morgan JPM.N will provide 2.85 billion euros ($3.25 billion) in financing for the cash component of the financial conglomerate's offer for Telecom Italia, Italian daily Il Sole 24 Ore reported on Friday.

(*) LEONARDO LDOF.MI

The Italian defence and aerospace company said on Thursday its board had approved the group's new organisational structure under which chairman Francesco Macrì will have full responsibility for the corporate bodies affairs organisational unit.

(*) EXOR EXOR.AS

The investment firm of Italy's powerful Agnelli family said on Thursday it had appointed Benoit Ribadeau-Dumas as deputy CEO.

MILAN BOURSE

Italy is assessing whether to intervene to defend the interests of state lender CDP in its clash with pan-European stock exchange operator Euronext ENX.PA over management of the Milan bourse, Economy Minister Giancarlo Giorgetti said on Thursday.

AVIO AVI.MI

The rocket maker said on Thursday it had won a contract worth more than 35 million euros from MBDA in France to supply components for the Aster 30 air defence system.

DIARY

Speech by ECB board member Piero Cipollone at event about the 80th anniversary of the Italian Constitution organised by Rome's Sapienza university. (1015 GMT)

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

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/

($1 = 0.8757 euros)