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Italy - Factors to watch on March 9

Published 09/03/2021, 04:00 pm
Updated 09/03/2021, 06:30 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 .

GENERAL

Italy's coronavirus death toll passed the 100,000 mark on Monday and Prime Minister Mario Draghi warned that the situation was worsening again with a jump in hospitalisations. Treasury said on Monday it would offer up 8 billion euros in three- and seven-year BTP government bonds at auction on Thursday. CERVED CERV.MI

International fintech firm ION Group and Singapore's sovereign wealth fund GIC GIC.UL said on Tuesday they would launch an offer for all of Italian credit group Cerved at 9.50 euros per share, valuing it at 1.86 billion euros ($2.21 billion). ITALIA (TIM) TLIT.MI

Italy's former phone monopolist and unions agreed on Monday to cut up to 1,300 jobs in the country this year through a voluntary scheme, two union sources said, as the group tires to revamp its business amid the COVID-19 crisis. UNICREDIT CRDI.MI

The pay package of UniCredit's new CEO, Andrea Orcel, does not include any remuneration aimed at compensating the former UBS banker for any loss of pay deriving from previous employment, the Italian bank said on Monday. bank has sent out the teasers for the sale of two problem loan portfolios worth 1 billion euros each, MF said. One portfolio includes unsecured bad loans and the other both unlikely to pay loans and loans already in default, the newspaper added.

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ENEL ENEI.MI

The Italian utility, Macquarie Group and Spain's Iberdrola (MC:IBE) will battle it out to take over energy firm PPL's U.K. business, in what could be the country's largest deal of the year, Bloomberg said on Monday citing people familiar with the matter.

STELLANTIS STLA.MI

France's Aramis Group, which specialises in selling second hand cars online and is 70% owned by Stellantis, said on Monday it was exploring an initial public offering (IPO) in Paris this year following a boom in used vehicle sales and as it looks to grow across Europe. Executive Carlos Tavares told unions on Monday that French plants were competitive within the newly created automotive giant, reassuring workers on their prospects after having sworn not to cut any jobs nor close any plants. BANCA PROFILO

Banor Sim, which has offered 160 million euros to buy Banca Profilo, appears to be the only one left in the race, although new investors seem to be interested in the deal, Il Sole 24 Ore reported.

SALVATORE FERRAGAMO SFER.MI

Board meeting on full-year results, followed by conference call (1700 GMT).

LEONARDO LDOF.MI

Board meeting on full-year results, conference call on March 10.

DIARY

Italian Alliance for Sustainable Development (ASviS) presents evaluation study about National Recovery and Resilience Plan and Budget Law 2021 related to U.N. Agenda 2030, with Chamber of Deputies Speaker Roberto Fico, Minister for Equal Opportunities Elena Bonetti, Minister for Ecological Transition Roberto Cingolani, Minister for Technological Innovation Vittorio Colao, President of the EU Commission for Economic and Monetary Problems Irene Tinagli (0930 GMT).

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Rome, Chamber of Deputies, COVID decree (1000 GMT).

Rome, Senate and Chamber of Deputies Constitutional Affairs and Labour joint Committees, hearing with minister for public administration Renato Brunetta (1330 GMT).

Rome, Senate and Chamber of Deputies Defence Committees, hearing with Defence Minister Lorenzo Guerini about National Recovery and Resilience Plan (1330 GMT).

CRT banking foundation publishes (1530 GMT).

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