Italy - Factors to watch on Dec. 19
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
Bank of Italy releases October data on foreign investor holdings of Italian government bonds.
COMPANIES
UNICREDIT CRDI.MI, BANCO BPM BAMI.MI
Germany's government rejected UniCredit's latest Commerzbank stake increase, to 28% using derivatives, as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank.
(*) UniCredit aims to complete its offer for Banco BPM by the first half of 2025, Il Sole 24 Ore reported.
STELLANTIS STLAM.MI
Chairman John Elkann, who is temporarily steering the company after the resignation of CEO Carlos Tavares, has agreed to appear before the Italian parliament, the automaker said on Wednesday, without giving a date.
Stellantis expects auto production in Italy to jump by about 50% in 2026 after a "very tough" 2025 in which it will continue factory stoppages, European operations chief Jean-Philippe Imparato said on RAI state broadcaster on Wednesday.
(*) New car sales in the European Union, Britain and the European Free Trade Association (EFTA) at Stellantis fell by 10.8% in November, European Automobile Manufacturers Association (ACEA) data showed on Wednesday.
(*) TELECOM ITALIA TLIT.MI
A consortium led by the Italian economy ministry has filed a 700 million euro binding offer for Telecom Italia's submarine cable unit Sparkle, the ministry said on Thursday.
The ministry is bidding with Retelit, an Italian fibre network operator owned by Spanish infrastructure fund Asterion. The offer is valid until Jan. 27, the statement said.
ENEL ENEI.MI
Italy' biggest utility and Czech's EPH signed an agreement whereby EPH will acquire 50% of Slovak Power Holding, which owns 66% of the main Slovak electricity producer Slovenské Elektrárne. The deal will have a neutral effect on Enel's net debt and a negative impact on reported net profit of about 585 million euros, Enel said on Wednesday.
(*) The utility's board gave its green light to the issuance of one or more non-convertible hybrid bonds, including perpetual bonds, for up to 2 billion euros by the end of next year, Enel said on Wednesday.
(*) PIRELLI PIRC.MI
Marco Tronchetti Provera, vice chairman and investor in the tyre maker, told Il Sole 24 Ore, in an interview published on Thursday, that it was too early to say if the shareholders pact with Chinese state-owned Sinochem would be renewed after the shareholdings had changed.
(*) SAIPEM SPMI.MI
The energy contractor said on Thursday it won, as part of a consortium it lead, an offshore contract from Shell SHEL.L for the development of a deepwater oil field off the coast of Nigeria. The total value of the contract is about $1 billion and Saipem's share is about $900 million, it added.
TERNA TRN.MI
The Italian electricity grid operator said on Wednesday it signed two ESG-linked credit facilities, one worth 150 million euros with Banco BPM and another worth 100 million euros with Mediobanca MDBI.MI, both with a five-year maturity.
(*) AVIO AVI.MI
The aerospace company said on Thursday it has signed two contracts with the European Space Agency (ESA) for the development of the new Vega-E launcher and to upgrade the Vega-C ground system and increase the number of its flights, for a total of about 350 million euros over three years.
BPER BANCA EMII.MI
Ordinary and extraordinary shareholders' meetings (0830 GMT).
NEXI NEXII.MI
Fitch on Wednesday upgraded its long-term issuer rating and senior unsecured notes to BBB- from BB+, with a stable outlook.
DIARY
Prime Minister Giorgia Meloni attends EU leaders' summit in Brussels (to Dec. 20).
Economy Minister Giancarlo Giorgetti attends via videoconference G7 meeting of Finance ministers and central bank governors (1200 GMT).
Rome, farmers lobby Coldiretti holds annual meeting with Defence Minister Guido Crosetto; Foreign minister Antonio Tajani andAgriculture Minister Francesco Lollobrigida via videoconference(0900 GMT).
Rome, state-owned lender agency Cassa Depositi e Prestiti holds news conference to present 2025-2027 strategic plan with President Giovanni Gorno Tempini and CEO Dario Scannapieco (1430 GMT).
Milan, Foreign Ministry 17th meeting of diplomacy ends; on Thursday expected attendees include Milan Stock Exchange CEO Fabrizio Testa, Foreign Minister Antonio Tajani (0800 GMT and 1100 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
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/
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