Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Italy - Factors to watch on Dec. 18

Published 18/12/2020, 04:00 pm
© Reuters.
AV
-
ISP
-
CRDI
-
ENEI
-
ENI
-
BMPS
-
BAMI
-
SPMI
-
ASR
-
DESI
-
FCT
-

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

Italy reported 683 coronavirus-related deaths on Thursday against 680 the day before, the health ministry said, while the daily tally of new infections rose to 18,236 from 17,572. release Q3 'Joint quarterly note on employment trends' (1100 GMT).

COMPANIES (*) ATLANTIA ATL.MI

The infrastructure group plans to expand further into the European airport business by going after cheap airport assets hit by the pandemic while it accelerates plans to sell its Italian toll road business Autostrade following the Genoa bridge disaster, CEO Carlo Bertazzo told the Financial Times.

MONTE DEI PASCHI BMPS.MI , UNICREDIT CRDI.MI

Italy's Monte dei Paschi said it would approve a plan to meet capital needs totalling up to 2.5 billion euros in mid-January, as Rome scrambles to find a merger partner for the state-owned bank. CRDI.MI

Aviva (LON:AV) and UniCredit expect non-binding bids for their insurance joint-venture next week as the British insurer moves to divest its Italian operations, three people close to the matter said. Chief Executive Alberto Nagel is now seen as a strong candidate to succeed Jean Pierre Mustier as UniCredit CEO, daily La Stampa said.

INTESA SANPAOLO ISP.MI

Chief Executive Carlo Messina could propose paying a dividend of up to 1.2 billion euros or 15% of 2019 and 2020 cumulated profits, matching the cap set by European Central Bank, Il Messaggero said on Friday. BPM BAMI.MI

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Investors, including banking foundations, accounting for an overall share of around 5-6% are considering putting in place an agreement to consult each other during an expected merger wave in the industry, which might involve the lender, Il Sole 24 Ore said.

ENEL ENEI.MI

Italy's biggest utility kicked off the sale of up to 50% of fast broadband company Open Fiber to Australian infrastructure fund Macquarie on Thursday, in a move that could open the way to the creation of a full-fiber national network. (*) Enel said on Thursday it would launch a partial public tender offer for a stake of up to 10% in Enel Américas if the reorganization of its renewable business in central and south America succeeds. SPMI.MI , ENI ENI.MI

Saipem 's largest shareholder Eni is assessing the possibility of trimming its stake in the Italian energy services group's, while state lender CDP could raise it, daily Il Sole 24 Ore said, citing a source. The move would include the issue of a bond with a long maturity convertible in Saipem shares, the report added. Both Eni and CDP did not comment, the paper added.

FINCANTIERI FCT.MI

The shipbuilder's Norwegian unit Vard signed a deal with Netherlands's Van Oord for design and construction of a cable laying vessel DESIO DESI.MI

The bank's new plan targets a profit of 54 million euros at the end of 2023. ROMA ASR.MI

The Rome soccer team rose to fourth place in Serie A with a 3-1 home victory over relegation-threatened Torino on Thursday, aided by an early red card for the visitors. state broadcaster RAI CEO Fabrizio Salini speaks before Chamber of Deputies RAI Supervisory Committee (0800 GMT).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Rome, Chamber of Deputies starts examination of 2021 budget (0900 GMT).

Think-tank Prometeia presents online the December forecast report "The world economy on hold" (1330 GMT).

Rome, Cabinet meeting (1700 GMT).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.