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Italy - Factors to watch on Dec. 14

Published 14/12/2020, 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 484 coronavirus-related deaths on Sunday after surpassing Britain the previous day as the European country with the worst toll of fatalities. flooded the streets of several Italian cities on Sunday, forcing police to close off popular sites such as Rome's Trevi fountain, while the government debated which restrictions to enforce over the Christmas holiday period. MS.MI

Italian prosecutors have concluded a probe into Vivendi (PA:VIV)'s Vincent Bollore and Arnaud De Puyfontaine for alleged market manipulation and obstruction of regulators in a case involving stake building in Italian broadcaster Mediaset . media group Vivendi has lodged a formal complaint with the European Commission against an Italian law potentially curbing its interests in the country, three sources said on Friday, a sign of increased tension with the government. The European Commission last week raised questions over the validity of a recently approved Italian media law, which could potentially curb French group Vivendi's interests in the country, daily la Repubblica reported on Monday. L8N2IU0R9

ASSICURAZIONI GENERALI GASI.MI

Mutual insurer Groupe Macif has stepped up efforts to buy Aviva (LON:AV)'s French arm in a deal worth about 3 billion euros after an Allianz-led consortium bowed out amid firm resistance from French unions and local partners, sources told Reuters. Generali is the only non-French bidder in the auction. RACE.MI

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Italian media reports citing the former chief executive of Vodafone (LON:VOD) Vittorio Colao as one of the candidates for the top job at Ferrari (NYSE:RACE) are groundless, a source close to Colao said on Friday. Louis Camilleri retired with immediate effect as CEO of Ferrari late on Thursday, after being in the role for nearly two and a half years. Chrysler Chief Executive Mike Manley is in pole position to take over the top job at Ferrari, Italian daily Il Messaggero said on Saturday. ENI.MI

Italian energy group Eni said Massimo Mondazzi was stepping down as chief operating officer of its Energy Evolution division and would be replaced by his deputy Giuseppe Ricci on Jan. 1. A consortium including Shell RDSa.L , Chevron (NYSE:CVX) CVX.N , Eni and Lukoil LKOH.MM has paid Kazakhstan $1.3 billion to settle a profit-sharing dispute, the Central Asian nation's energy ministry said on Monday. ATL.MI

Atlantia 's motorway unit Aspi is worth only 7.5 billion euros compared to an earlier price range of 8.5-9.5 billion euros as state lender CDP and co-investors Blackstone (NYSE:BX) and Macquarie cut their valuation, La Stampa said on Saturday without citing sources.

LEONARDO LDOF.MI

Leonardo has signed a 200 million euro financing deal with the European Investment Bank to support investments in technological development, the Italian aerospace and defence group said on Friday. hacked at Leonardo between 2015 and 2017 belonged to a unit that makes components for both commercial and military aircraft, including C27J and ATR turboprop, a police officer working on the case told Reuters. EMBI.MI

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The Italian bank expects its cost of risk to fall back to 25 basis points in 2023 in line with an end-2019 level of 24 bps after edging up to 40 bps at the end of the year, Il Sole 24 Ore wrote on Sunday in its 'Letter to investors'. Credem expects a higher net interest income in 2021 and targets net inflows of 5 billion euros for its assets under management by 2023.

CREDITO VALTELLINESE PCVI.MI

Credit Agricole (PA:CAGR) Italy said on Friday it had filed its takeover offer for Creval with market regulator Consob.

STMICROELECTRONICS STM.MI

CEO Jean-Marc Chery told Corriere della Sera on Sunday the group may keep up its policy of buying start-ups next year if needed to speed up product development, with a focus on artificial intelligence and sensors to target markets ranging from smartphones to cars.

Trades ex-dividend of 0.042 U.S. dollars per ordinary share as quarterly dividend.

(*) JUVENTUS JUVE.MI

Cristiano Ronaldo converted two late penalties on his 100th appearance for Juventus in all competitions as the Serie A titleholders ground out a 3-1 win away to a dogged Genoa side on Sunday. AS ROMA ASR.MI

AS Roma went on the rampage and blasted five first-half goals past a pitiful Bologna side on their way to a 5-1 away win in Serie A on Sunday. LAZIO LAZI.MI

Lazio continued their dismal home form in Serie A on Saturday when two defensive blunders handed Verona a 2-1 win at the Stadio Olimpico. CARIGE CRGI.MI

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DIGITAL BROS DIB.MI

Trades ex-dividend of 0.15 euro per share.

GIBUS GBUSS.MI

Trades ex-dividend of 0.27 euro per ordinary share.

PATTERN PTRN.MI

Trades ex-dividend of 0.05 euro per share.

DIARY

Italian banking, insurance and finance federation FeBAF starts virtual edition "Rome Investment Forum 2020" (0900 GMT), ends on Dec. 15. Expected attendees on Monday include FeBAF President Luigi Abete, Prime Minister Giuseppe Conte (via a video message), EU Economic Commissioner Paolo Gentiloni, ECB board member Fabio Panetta, Economy Minister Roberto Gualtieri, Spanish Economy Minister Nadia Maria Calvino, Luxembourg's Finance Minister Pierre Gramegna, insurers' association ANIA President Maria Bianca Farina, Italian banking association ABI Director General Giovanni Sabatini, EU Commission representatives Mario Nava and Marcel Haag, state lender Cassa Depositi e Prestiti (CDP) Chief Economist Andrea Montanino, Franch Caisse des Depots group Director Laurent Zylberberg, EU Parliament representative Irene Tinagli.

Education Minister Lucia Azzolina attends online kick-off ceremony of second-year programme #Tuttomeritomio (1400 GMT).

Employers' body Confindustria Brescia holds general meeting; public session with President Giuseppe Pasini, Bergamo Mayor Giorgio Gori, Brescia Mayor Emilio Del Bono; in videoconference Industry Minister Stefano Patuanelli, EU Affairs Minister Vincenzo Amendola, Confindustria President Carlo Bonomi (1530 GMT).

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