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Italy - Factors to watch on April 18

Published 18/04/2017, 02:00 pm
© Reuters.  Italy - Factors to watch on April 18
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The following factors could affect Italian markets on Tuesday.

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 .

COMPANIES

Bourse After Hours market closed.

ENI .MI ENI.MI

The oil and gas group said on Sunday it was waiting to examine in detail the reasons behind Italy's Basilicata region's decisions to again block operations at Eni's Val d'Agri oil centre in Viggiano and that it conducted with the utmost diligence activities aimed at ensuring the centre operated safely.

ATLANTIA ATL.MI

Four suitors are left in the race to buy a minority stake in Atlantia 's motorway unit, two sources close to the matter said on Thursday, as the Italian infrastructure group prepares to finalise the deal in coming weeks. MQG.AX has submitted an offer for a 15 percent stake in the Italian motorway group's Autostrade per l'Italia unit which places the Australian fund next to Allianz (DE:ALVG) among the favoured bidders, Il Sole 24 Ore reported on Saturday.

FIAT CHRYSLER FCHA.MI

Chief Executive Sergio Marchionne rowed back on his search for a merger on Friday, saying the car maker was not in a position to seekdeals for now and would focus instead on following its business plan. CRDI.MI , INTESA SANPAOLO ISP.MI , ASSICURAZIONI GENERALI GASI.MI

Alitalia and labour unions reached a preliminary agreement on Friday on job and pay cuts that the loss-making airline says are necessary to keep it in business, union and government officials said. Lazard has worked over the Easter weekend to provide Alitalia's creditors UniCredit, Intesa and Generali by Tuesday with an updated version of the business plan that incorporates the impact of Friday's accord, Il Messaggero reported on Saturday. The paper quoted a person working on the deal as saying the lower-than-expected labour cost cuts in the accord should not significantly alter the plan's projections.

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BANCA MEDIOLANUM BMED.MI

Italy's top administrative court said on Friday it had asked the European Court of Justice (ECJ) whether the latter had full competence over the case concerning the stake that Silvio Berlusconi's holding company Fininvest holds in the Italian asset manager -- or whether the Italian court had any jurisdiction in the matter.

Berlusconi and Fininvest appealed in December to the ECJ against European Central Bank's decision that Fininvest should cut its 30 percent stake in Mediolanum .

TELECOM ITALIA TLIT.MI , MEDIASET MS.MI

The telecoms group is discussing with both U.S. media group Discovery DISCA.O and Italian broadcaster Mediaset the possibility of bidding together for the Serie A and Champions League's broadcasting rights, Il Messaggero reported on Saturday citing Ansa. Telecom is only interested in the ultra-broadband rights and will choose its partner also in relation to how the tenders are structured.

ASSICURAZIONI GENERALI

Investor Francesco Gaetano Caltagirone has bought a further 1 million shares at an average price of 14.1 euros each raising his stake to around 3.6 percent, a regulatory filing showed on Friday.

AVIO SPA2.MI

Leonardo Del Vecchio owns 3.89 percent of the aerospace group, pioneer investments 3.24 pct and Multilabel Sicav 4.71 percent, a regulatory filing showed on Friday

ITALMOBILIARE ITAI.MI

The Pesenti family's holding company is close to finalising an investment in mountain garments company Tecnica, Il Sole 24 Ore reported on Sunday.

FERRARI RACE.MI

Ferrari (NYSE:RACE)'s Sebastian Vettel won the Bahrain Grand Prix to go seven points clear at the top of the Formula One standings on Sunday, with Mercedes rival Lewis Hamilton staging a late charge to finish second.

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PRIMA INDUSTRIE PRII.MI

The group stands by a target of around 500 million euros in revenue in 2019 and an EBITDA margin of 12 percent up from 9 percent at end-2016, Il Sole 24 Ore reported on Sunday.

IPOs

Private-equity held Italian packaging firm Guala Closures is preparing a stock market listing or a sale that may value the company at more than 1 billion euros ($1.06 billion) including debt, sources close to the matter said.

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