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Italy - Factors to watch on June 16

Published 16/06/2020, 04:09 pm
© Reuters.

The following factors could affect Italian markets on Tuesday.

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 .

CORONAVIRUS

Deaths from the COVID-19 epidemic in Italy climbed by 26 on Monday against 44 the day before, the Civil Protection Agency said, posting the lowest daily tally since March 2. is 'very likely' to join four other European governments in a deal to buy COVID-19 vaccine from British drugmaker AstraZeneca AZN.L , Health Emergency Coordinator Fernando Simon said on Monday. Economy Minister Roberto Gualtieri said on Monday the government is closely watching the merger between the London Stock Exchange (LSE) and Refinitiv, and its implications for the Italian bourse owned by LSE. releases report on poverty in Italy for 2019 (0800 GMT)

COMPANIES (*) ENEL ENEI.MI , TELECOM ITALIA TLIT.MI

Australian infrastructure fund Macquarie MQG.AX has made an offer to Italian utility Enel for its 50% stake in broadband network operator Open Fiber, daily la Repubblica reported on Tuesday. project to merge the fibre network assets of TIM and Open Fiber, controlled by utility Enel and Italy's state lender CDP, has gained new traction with the coronavirus crisis, daily Il Sole 24 Ore said. The report added that in a possible plan TIM would hold a majority stake in the single network company, while CDP would have a relevant role in the company's governance, to make sure the interests of all the network's users are granted.

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(*) INTESA SANPAOLO ISP.MI , UBI BANCA UBI.MI , BANCO BPM BAMI.MI

Some days before the ECB's green light to Intesa's bid on UBI Banca, top managers of UBI and Banco BPM met to discuss the possibility of a merger between the two banks, to create the third largest lender in the country, il Messaggero reported. However, European regulators, heard through the Bank of Italy, were cold on the idea and talks did not go on, the report added.

(*) INTESA SANPAOLO, NEXI NEXII.MI

The European Union antitrust authority is ready to give a green light to an acquisition by Nexi of Intesa Sanpalo's retail payment activities, MF reported.

INTESA SANPAOLO, BANCO BPM, MONTE DEI PASCHI BMPS.MI , UNICREDIT CRDI.MI , TREVI FINANZIARIA INDUSTRIALE TFI.MI

A capital increase at the troubled engineering group has turned creditor banks into shareholders, handing them stakes that range from Intesa's 6.9% to Monte dei Paschi's 3.6%, a regulatory filing showed on Monday.

(*) EXPRIVIA XPR.MI

Telecoms infrastructure company Sirti, a unit of Pillarstone, is considering making its own offer for the turnaround of rival Italtel, which is controlled by Exprivia , Il Sole 24 Ore said.

GVS

The Italian filters maker' initial public offering ends. (*) Investors include U.S fund Capital Research, which has booked a tenth of the offer, and Investercop and Janus Henderson, both of which have submitted important orders, la Repubblica reported.

DIARY

Bank of Italy Governor Ignazio Visco attends webinar organised by Luiss University on "Monetary policy during the health crisis" (1400 GMT)

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European Parliament holds digital conference "Access to credit and financial instruments in 2021-2027 EU budget" with banking association ABI Director General Giovanni Sabatini (0800 GMT)

National Railway Safety Agency (ANSF) holds online news conference to present annual report on railway safety; Transport Minsiter Paola De Micheli expected to attend (1000 GMT)

Market regulator Consob holds annual meeting (0900 GMT)

Banca Mediolanum BMED.MI holds online conference to present "Flowe" with CEO Massimo Doris (0930 GMT)

Sky presents, in live streaming, new ultra broadband service with Italian unit CEO Maximo Ibarra (0930 GMT)

"Fashion and Consumption: change of costumes and new distribution" with YOOX Net-A-Porter Group Chairman and CEO Federico Marchetti, Kering PRTP.PA Chief Sustainability Officer & International Institutional Affairs Marie-Claire Daveu, OVS OVS.MI CEO Stefano Beraldo, Aeffe Group AEF.MI Artistic Director Alberta Ferretti (0800 GMT).

Hedge Invest and Algebris Investments hold news conference in streaming to present "HI Algebris Italia Eltif" with Hedge Invest CEO Alessandra Manuli and Algebris Investments founder and CEO Davide Serra (0900 GMT)

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