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Italy - Factors to watch on September 25



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The following factors could affect Italian markets on Wednesday.

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.


POLITICS

Pro-migrant groups and opposition parties have collected enough signatures to trigger a referendum on easing Italy's stringent citizenship laws for foreigners, government data showed on Tuesday.

(*) Prime Minister Giorgia Meloni said in New York on Tuesday that she considered the current laws to be

extremely good and did not agree with the referendum's proposal.

ECONOMY

Italy will keep a majority stake in national railways operator Ferrovie dello Stato (FS) in any potential plan to open up the company's capital to outside investors, Chief Executive Officer Stefano Donnarumma said on Tuesday.


DEBT

Treasury sells 2.25-2.75 billion euros 3.10% BTP short bonds due Aug. 28, 2026; 1.0-1.25 billion euros 1.50% BTPei bonds due May 15, 2029; 1.0-1.25 billion euros 2.40% BTPei bonds due May 15, 2039. Subscriptions close at 0900 GMT.


COMPANIES

UNICREDIT CRDI.MI

Germany's Commerzbank CBKG.DE, which is fending off advances from the Italian lender, said on Tuesday that Bettina Orlopp would take over as chief executive officer in the near future.

The German government does not see legal powers it could use to prevent the takeover of Commerzbank by UniCredit, two government sources told Reuters on Tuesday.

Italian Prime Minister Giorgia Meloni said on Tuesday that her government was keeping out of the matter.

"The Commerzbank affair does not regard the (Italian) government," she told reporters in New York.

(*) Unicredit said on Wednesday it had started a process aimed at internalising its Italian life bancassurance business by terminating existing agreements with CNP Assurances and Allianz.


(*) ENI ENI.MI

Japan and Italy are in talks to sign a comprehensive memorandum of understanding for liquefied natural gas supplies, Japanese public broadcaster NHK reported on Wednesday.

The agreement would allow state-backed Japan Organization for Metals and Energy Security to buy the Italian energy company's liquefied natural gas with priority in emergencies such as a natural disaster, NHK said.

BANCA GENERALI BGN.MI

The Italian private bank said it had received commitments to accept its takeover bid on broker Intermonte INTM.MI for a total of 69% of Intermonte's shares, as of Tuesday.


EXOR EXOR.AS, STLAM.MI

The holding company of Italy's Agnelli family said on Tuesday it had posted a first half net profit of 14.695 billion euros.


ITALGAS IG.MI

Europe's largest gas distributor said on Tuesday it was increasing the amount of its bond due in Feb. 2029 to 350 million euros ($390.50 million) from 250 million, due to high demand. The annual coupon is set at 3.125%.


STELLANTIS STLAM.MI

Italian unions have called a one day strike on Oct. 18 for metal workers at Stellantis and its local suppliers to protest against the automaker's falling production in the country, the head of the UILM union said on Tuesday.


LEONARDO LDOF.MI

The Italian government has proposed spending around 1.6 billion euros ($1.78 billion) on new jets built by the Italian defence company, to use for its aerobatic display team, a parliamentary document showed on Tuesday.


DIARY

Prime Minister Giorgia Meloni attends U.N. general meeting in New York.

Industry Minister Adolfo Urso starts mission in Brussels; ends on Sept. 26.

UniCredit CRDI.MI CEO Andrea Orcel speaks at BoFA conference (0700 GMT).

Rome, Poste Italiane PST.MI CEO Matteo Del Fante addresses Chamber of Deputies Transports and Telecommunication Committee on Group's prospects, business plan, extension of the programme contract and implementation of the Polis project (1230 GMT).

Rome, Government meets business lobby Confindustria and trade unions on Italian budget plan (1330 GMT).

Rome, Interior Minister Matteo Piantedosi, Poste Italiane PST.MI CEO Matteo Del Fante attend inauguration ceremony of new headquarters of the operative centre for cyber security of the Lazio region Postal Police (0830 GMT).

Milan, 'Italian Energy Summit 2024' "Towards a secure, competitive and sustainable energy system" starts (0700 GMT); ends on Sept. 26. On Wednesday expected attendees include energy authority ARERA President Stefano Besseghini, Energy Services Manager (GSE) President Paolo Arrigoni, Eni ENI.MI CEO Claudio Descalzi, Enel ENEI.MI Director Italian unit Nicola Lanzetta, Terna TRN.MI CEO Giuseppina Di Foggia, Snam SRG.MI CEO Stefano Venier, A2A A2.MI CEO Renato Mazzoncini, Saipem SPMI.MI CEO Alessandro Puliti, ERG ERG.MI CEO Paolo Merli, ACEA ACE.MI CEO Fabrizio Palermo, Iren IREE.MI Chairman Luca Dal Fabbro, MAIRE MTCM.MI CEO Alessandro Bernini, European Investment Bank (EIB) Vice President Gelsomina Vigliotti, Environment and Energy Security Minister Gilberto Pichetto Fratin.

Milan, Technogym TGYM.MI Chairman Nerio Alessandri and Italian Olympic Committee (CONI) and 2026 Milan-Cortina Winter Olympic Games President CONI Giovanni Malago hold news conference at openign of the first Technogym Outdoor area (0930 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/



($1 = 0.8963 euros)


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