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Italy - Factors to watch on Nov. 30

Published 30/11/2020, 04:00 pm
© Reuters.

The following factors could affect Italian markets on Monday.

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

Italy reported 541 coronavirus-related deaths on Sunday, against 686 the day before, and 20,648 new infections, down from 26,323 on Saturday, the health ministry said. (*) The government approved on Sunday a new package worth 8 billion euros to support workers and businesses hit by the COVID-19 pandemic.

ISTAT releases November flash CPI and HICP data (1000 GMT).

COMPANIES

UNICREDIT CRDI.MI

The bank's board was holding informal discussions over the Italian bank's governance on Sunday, a person familiar with the matter said, amid doubts over whether its chief executive will stay. is working with strategic advisers Goldman Sachs (NYSE:GS) GS.N and JPMorgan (NYSE:JPM) JPM.N , three people close to the matter said, as it prepares to update its business plan next year and weighs a potential acquisition of state-owned peer Monte dei Paschi BMPS.MI . VALTELLINESE PCVI.MI (*) A cash takeover offer announced by the Italian arm of Credit Agricole (PA:CAGR) for rival Creval is "fair" and there would be no reason to change it, the head of Credit Agricole Italia said in a newspaper interview on Monday. Investor Service on Friday placed Creval's rating 'Ba3' under review for a potential upgrade following the announcement of a takeover bid by the Italian unit of France's Credit Agricole.

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ATLANTIA ATL.MI

Italian state-backed investor CDP will press ahead with due diligence on Atlantia 's motorway unit Autostrade per l'Italia and will not present a final offer for the asset on Monday, two sources close to the matter said on Saturday. ENEI.MI

Italy's biggest utility wants state lender CDP to pay a premium of 20-30% to take control of Open Fiber as part of a deal between Enel and Australian fund Macquarie MQG.AX over the fibre optic provider, La Stampa said on Sunday. The paper added Enel's board on Dec. 17 may not clear the proposed 2.65 billion euro sale of the Open Fiber stake to Macquarie.

INTESA SANPAOLO ISP.MI

Italy's largest bank is reviewing a joint-venture accord struck in 2018 with Europe's biggest bad loan manager Intrum INTRUM.ST , Il Messaggero reported on Saturday. BANCA EMII.MI

The Italian mid-sized bank has asked the European Central Bank (ECB) authorisation to repay ahead of maturity a Tier II bond due in 2025. MONTE DEI PASCHI BMPS.MI

Italy on Friday published in the Official Gazette a government decree needed for Monte dei Paschi to complete a bad loan clean up scheme aimed at easing the sale of the state-owned bank to a healthier rival.

IMA IMAI.MI

The Italian automatic packaging machine maker is expected to replace Banca Generali (MI:GASI) BGN.MI in Milan's blue-chip index .FTMIB after a quarterly review scheduled for Dec. 2, two Milan-based traders said on Friday. company said on Saturday Italian market regulator Consob temporarily suspended the approval process of the offer document concerning the mandatory bid for IMA by its top investor Sofima. DE' LONGHI DLG.MI

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The Italian home appliance maker has a "very strong financial position" and can assess new M&A deals after an accord this month to buy U.S. rival Capital Brands Holdings, CEO Massimo Garavaglia told La Repubblica's Affari & Finanza. He mentioned Asia for possible expansion, adding however it was still too early for any moves.

(*) MAIRE TECNIMONT MTCM.MI

The Italian engineering group said a consortium it leads had been granted an additional 500 million euro payment for a contract it has with JSC NIPIgazperabotka for the Amur Gas Processing Plant - UI&O due to works necessary to reduce the impact of the COVID-19 pandemic. MASSIMO ZANETTI MZB.MI

The coffee roaster said that as of Friday top shareholder MZB Holding held 94.5% of the company's share capital following a buyout offer. continues 6th virtual edition of MED-Mediterranean Dialogues "Beyond turmoil, a positive agenda" (0800 GMT), ends on Dec. 4. On Monday expected attendees include Egyptian Petroleum Minister Tarek El-Molla, Iraqi Oil Minister Ihsan Abdul Jabbar Ismail, " International Energy Agency (IEA) representative Laura Cozzi, Enel Chairman Michele Crisostomo, Moroccan Solar Energy Agency director Tarik Hamane, International Renewable Energy Agency (IRENA) Director General Francesco La Camera, Ithmar Capital CEO Obaid Amrane, EU Energy Commissioner Kadri Simson.

A deadline expires for a consortium led by state lender CDP to present a revised offer to buy Atlantia's 88% stake in Autostrade per l'Italia unit.

Economy Minister Roberto Gualtieri speaks before Parliament on ESM reform (0900 GMT).

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