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Italy - Factors to watch on Feb. 17

Published 17/02/2021, 06:38 pm
© Reuters.

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 .

COVID-19

Italy reported 336 coronavirus-related deaths on Tuesday against 258 the day before, the health ministry said, while the daily tally of new infections rose to 10,386 from 7,351 the day before. sold debt at near record-low interest rates on Tuesday, riding investor enthusiasm at the appointment of former European Central Bank chief Mario Draghi as prime minister. Minister Mario Draghi, the former head of the European Central Bank, will present his policy priorities in the Italian Senate on Wednesday before a mandatory confidence vote in his government of national unity. NEXII.MI

Italy's biggest payments group said on Tuesday it had placed a 1 billion euro convertible bond due in 2028 to refinance in part debt held by rival Nets at the time of the merger between the two groups, repaying a bridge loan. said on Wednesday it had set the conversion price for the bond at 24.5525 euros, entailing a 52.5% premium above the reference share price of 16.10 euros. for the issue is seen exceeding its size, bookrunners for the deal said on Tuesday. ITALIANE PST.MI

The Italian postal services operator said it would pay a dividend of 0.486 euros a share on 2020 results after reporting a 19.6% increase in operating profit in the fourth quarter thanks to its financial services division. call at 1330 GMT

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TELECOM ITALIA TLIT.MI

Investor CDP will hold a board meeting in the coming days, probably on Monday, to take a decision in relation to the renewal of TIM's board of directors, both Il Sole 24 Ore and la Repubblica reported.

(*) TELECOM ITALIA, ENEL ENEI.MI

CDP Equity is considering foregoing its option to buy Enel 's stake in fibre optic provider Open Fiber and negotiate instead the purchase of a small stake from Macquarie, which has offered to buy Enel's stake, la Repubblica reported.

STELLANTIS STL.MI

European car registrations dropped in January, industry data showed on Wednesday, as measures to restrict a second coronavirus wave hit sales in the region's largest markets. A2.MI

The Italian utility said on Tuesday a regional court had voided the decision taken by the city of Seregno which paved the way for A2A's merger with rival AEB. A2A said it would appeal the ruling which, however, did not have a direct impact on the merger accord.

LAZIO LAZI.MI

Lazio, their president Claudio Lotito and club doctors Ivo Pulcini and Fabio Rodia have been referred to the national federal court following an investigation into violations of COVID-19 protocols, the Italian Football Federation said on Tuesday. JUVE.MI , AS ROMA ASR.MI , LAZIO

Seven Italian Serie A soccer clubs no longer see the sale of a stake in the league's media business to a private equity consortium as a viable option, a document showed on Tuesday, effectively blocking the $2 billion deal. Apollo is offering the league financing backed by the proceeds of the tender being held for domestic TV rights, MF reported.

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EDISON EDNn.MI

Board meeting on FY results.

DIARY

Rome, Prime Minister Mario Draghi lays out policy agenda of his unity government in the upper house Senate (0900 GMT), with a confidence vote expected later in the day.

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