Italy - Factors to watch on June 11
BROOKFIELD FINANCE I (UK) PLC 4.50% PERPETUAL SUB NOTES BAMI | 0.00 | |
Palantir PLTR | 0.00 | |
SPEEDEMISSIONS INC SPMI | 0.00 |
The following factors could affect Italian markets on XXX.
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
DEBT
Treasury offers a new BTP wtih a 3% coupon, due September 15, 2029, for up to 4 billion euros.
COMPANIES
UNICREDIT CRDI.MI
UniCredit is aware of the concerns expressed by Commerzbank CBKG.DE about take-up data in the Italian bank's hostile takeover offer for the German rival, but they do not change the facts, a person close to UniCredit said on Wednesday.
MONTE DEI PASCHI DI SIENA (MPS) BMPS.MI, INTESA SANPAOLO ISP.MI, UNIPOL UNPI.MI, BANCO BPM BAMI.MI, GENERALI GASI.MI
Italy needs to cut its residual stake in bailed-out MPS and will back whichever constitutes the best merger deal between the rival proposals on the table, Economy Minister Giancarlo Giorgetti said on Wednesday.
(*) Intesa Sanpaolo shareholder Compagnia di San Paolo backs the bank's bid MPS, the chairman of the banking foundation, Marco Gilli, told daily La Stampa on Thursday.
(*) Antitrust concerns could represent the main weakness of Intesa Sanpaolo's bid for MPS and could be a potential line of defence for MPS CEO Luigi Lovaglio, La Repubblica reported on Thursday.
(*) Asked about the potential impact of the bid by Intesa for MPS, the country manager and CEO of Generali Italia, Giancarlo Fancel, told La Stampa that the insurer remained focused on executing its strategic plan, which is delivering positive results, and on long-term value creation.
(*) Intesa's swoop on MPS bears the hallmarks of Chief Executive Carlo Messina's approach: meticulously prepared with loyal allies, and with buy-in from the government in Rome.
SAIPEM SPMI.MI
The Italian energy services group said on Wednesday it had won a €900 million onshore contract for a gas compression plant project in Saudi Arabia.
TELECOM ITALIA TLIT.MI
The Italian telecoms group said on Wednesday that the new shares resulting from the 1-for-10 reverse stock split will be listed from June 15.
FERRETTI YACHT.MI
KKCG Maritime, the Czech investor in the Italian yachtmaker, said on Wednesday it had filed a legal challenge seeking the urgent suspension of key resolutions adopted at the latest shareholder meeting, including the appointment of the board.
(*) Ferretti said on Thursday it would seek legal advice to defend its position, adding that business would continue as normal.
(*) INWIT INWT.MI
Morgan Stanley started coverage of the tower operator with an 'equalweight' rating and a target price of €7.
DIARY
Rome, Prime Minister Giorgia Meloni addresses the Chamber of Deputies (0700 GMT) and the Senate (1315 GMT) ahead of the June 18-19 EU summit.
Luxembourg, Economy Minister Giancarlo Giorgetti takes part in Eurogroup meeting.
Rome, hearing of Unipol UNPI.MI Chair Carlo Cimbri and CEO Matteo Laterza before the parliamentary commission of inquiry into the banking, financial and insurance systems (0930 GMT).
Rome, Palantir PLTR.O co-founder Peter Thiel speaks at the Salone Borromini of the Biblioteca Vallicelliana (1230 GMT).
Rome, Luiss Diplomatic and Security Forum "The Strategic Mediterranean", with Foreign Minister Antonio Tajani and other speakers (1230 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/
