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
The Italian government will call for a confidence vote in the Chamber of Deputies on Wednesday over its 2021 budget which targets the fiscal deficit to fall to 7% of national output from 10.8% this year, lawmakers said.
The vote comes amid coalition tensions fuelled by former premier Matteo Renzi, whose tiny centrist party, Italia Viva, frequently attacks Prime Minister Giuseppe Conte and threatens to bring down his government. releases December consumer and business confidence data (0900 GMT).
Assogestioni releases November fund flows data.
DEBT
Treasury announces sale of 6-month BOT bills with relative amounts to be auctioned on Dec. 29.
Head of debt agency Davide Iacovoni unveils guidelines on Italian debt for next year.
COMPANIES
Bourse After Hours market closed.
(*) ATLANTIA ATL.MI
A consortium led by Italy's state lender CDP has sent the infrastructure group a new non-binding offer to buy its 88% stake in toll-road unit Autostrade per l'Italia, CDP said in a statement on Wednesday. new offer implies a lower valuation for Autostrade compared to an initial range of 8.5-9.5 billion euros, a source close to the deal said. will be frozen until end-July of next year for those motorway operators whose economic and financial plans expire in 2020 or 2021 and have not been yet renewed, according to a draft decree Rome is discussing.
(*) MEDIASET MS.MI
Three board members, indicated by some institutional investors, sent a letter to the board to press for a deal to settle a long-lasting dispute with the broadcaster's second-largest shareholder Vivendi (PA:VIV), daily Il Sole 24 Ore said.
(*) UNICREDIT CRDI.MI , MONTE DEI PASCHI BMPS.MI
A merger between the two lenders, a deal which Rome supports as it looks for a buyer for troubled Monte dei Paschi, might not happen before summer of next year, daily La Repubblica said.
(*) CATTOLICA ASSICURAZIONI CASS.MI , BANCO BPM BAMI.MI
The insurer has sent a letter to Banco BPM to contest the legal basis for the bank's decision to exercise a call option to buy Cattolica's stakes in their insurance joint-ventures, Il Sole 24 Ore said, adding it was ready to ask Banco BPM a compensation worth over 500 million euros.
LEONARDO LDOF.MI
An investigation into a data theft at Leonardo has found that a hacker working inside the Italian defence group appeared to target details of Europe's biggest unmanned fighter jet programme and aircraft used by the military and police, an arrest warrant shows. FCT.MI
The financial and economic situation of the shipbuilder has not changed significantly compared to what the group communicated in the previous quarters, CEO Giuseppe Bono said in a statement on Tuesday. "The company has proven to be very resilient, avoiding the cancellation of orders and strengthening relations with the customers of the cruise sector," Bono added.
ENEL ENEI.MI
The utility said on Tuesday its subsidiary Enel Produzione, the company EP Slovakia BV and the Czech company EPH had signed a new agreement that modified some of the terms and conditions of the 2015 contract. Under the new deal, Enel Produzione will grant loans to a vehicle – which will in turn make them available to Slovenské elektrárne – in the maximum amount of 570 million euros falling due in 2032. SAIPEM SPMI.MI
The Italian energy services group said it signed a contract worth over $200 million with Hiafa Group to build an ammonia plant in Israel. AMPF.MI
The group said on Tuesday it had signed a definitive agreement for the acquisition of the hearing care business of PJC Investments LLC, called 'PJC Hearing', which is the second largest Miracle-Ear franchisee in the United States.
JUVENTUS JUVE.MI
Champions Juventus suffered their first Serie A defeat of the season when they crashed 3-0 at home to lowly Fiorentina after having Juan Cuadrado sent off after 18 minutes on Tuesday. have won their appeal against the decision to hand them a 3-0 defeat and one-point deduction for failing to play their Serie A match at Juventus in October amid confusion over Italian soccer's COVID-19 rules. RCS MEDIAGROUP RCSM.MI , CAIRO COMMUNICATION CAI.MI
Publisher RCS board meets on Wednesday to decide on a merger of its advertising unit with the one of Cairo Communication, Il Sole 24 Ore said. RCS and Cairo Communication are both controlled by Urbano Cairo.
DIARY
Rome, Cabinet meeting (1500 GMT).