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Italy - Factors to watch on September 20



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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 (*).


For a complete list of diary events in Italy please click on IT/DIA.


(*) GENERAL

In a non-binding resolution adopted on Thursday, the European Parliament asked EU countries to "immediately lift restrictions on the use of Western weapons systems delivered to Ukraine against legitimate military targets on Russian territory."


DEBT

Treasury announces sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on Sept. 25.


COMPANIES

UNICREDIT CRDI.MI

A German bank staff union on Thursday called on Berlin to prevent Italy's second-largest bank from buying Commerzbank, warning of massive job losses if the deal goes through.

For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape. Now, as UniCredit chief executive, the Italian has set himself his biggest test so far -- breaking down Europe's deeply entrenched political resistance to cross-border mergers.

(*) Orcel met Italian Economy Minister Giancarlo Giorgetti on Wednesday to discuss the acquisition of the Commerzbank stake and the minister expressed appreciation about the move, Il Messaggero reported on Friday. It added that, apart from a message sent to Prime Minister Giorgia Meloni just before the formal announcement of the move, the Italian government had not been involved.

(*) Il Messaggero also reported that Unicredit held a board meeting on Wednesday during which Orcel briefed board members about the move.


INTESA SANPAOLO ISP.MI

The lender is planning to offer to up to 3,000 of its workers the option to retire early, union sources said on Thursday, after a meeting where they discussed the incentive scheme with representatives from Italy's biggest bank.


BANCA MEDIOLANUM BMED.MI

The European Central Bank was wrong to block Italy's former prime minister Silvio Berlusconi from keeping a 30% stake in the Italian asset manager after a tax fraud conviction, the European Union Court of Justice ruled on Thursday.


(*) DOVALUE DOVA.MI

The bad loan manager said on Thursday its Greek subsidiary was awarded a new mandate for the servicing of the majority of a portfolio - with a gross book value of 1 billion euros and 3 billion euros of total claims - sold by several Greek credit institutions under special liquidation. The deal is the first of the three tranches of a so-called "Project Alphabet", the group said in a statement.


LOTTOMATICA LTMC.MI

(*) Shareholder Gamma Intermediate completed the sale of a 6% stake in the group at a price of 11.10 euros per share ($12.39) through an accelerated bookbuilding launched late on Thursday, the Italian betting firm said on Friday.

Gamma Intermediate, which now holds a 51.5% stake in Lottomatica, raised total gross proceeds of 166.5 million euros.

DIARY

Budapest, Infrastructure and Transport Minister Matteo Salvini attends EU Transport minister informal meeting.

Rome, "Insurance High Level Conference": attendees include insurance supervisor IVASS President and Bank of Italy Deputy Governor Luigi Federico Signorini, Generali GASI.MI Insurance CEO Giulio Terzariol, Economy Ministry Director General Riccardo Barbieri Hermitte (0800 GMT).

Naples, G7 'Culture' ministerial meeting starts; ends on Sept. 21.

Parma, Open starts event "The challenges of the future" (1300 GMT); ends on Sept. 22. On Friday expected attendees include Economy Minister Giancarlo Giorgetti.



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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