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Italy - Factors to watch on May 4

Published 04/05/2021, 04:50 pm
Updated 04/05/2021, 04:54 pm
© Reuters.

The following factors could affect Italian markets on Monday.

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 256 coronavirus-related deaths on Monday against 144 the day before, the health ministry said, while the daily tally of new infections fell to 5,948 from 9,148. posted a state sector budget deficit of 12.5 billion euros ($15.1 billion) in April compared to a shortfall of 17.9 billion euros in the same month last year, the Treasury said in a statement on Monday. Treasury said on Monday it would buy back four bonds - a BTP due Aug. 1 2021, a BTP due Sept. 1, 2021, a BTP due Dec. 15 2021 and a CTZ due Nov. 29, 2021 - at an auction on May 5.

COMPANIES

MEDIASET MS.MI

Mediaset and its second-largest investor Vivendi VIV.PA on Monday ended years of legal sparring with an accord that will see the French group drastically cut its stake in the Italian broadcaster. is considering extending to mid-2022 tax breaks which are expected to spur tie-ups in its fragmented banking sector, while also boosting the size of the incentives, a draft decree seen by Reuters showed on Monday.

The tax breaks are a key part of incentives the government has been working on to convince Italy's no.2 bank UNICREDIT CRDI.MI to take over loss-making rival MONTE DEI PASCHI BMPS.MI . MONTE DEI PASCHI

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Tax breaks introduced by Rome for a lender taking over Monte Dei Paschi would raise to 3.2 billion euros from previous 2.1 billion euros, according to La Republica.

(*) UNICREDIT CRDI.MI

New CEO Andrea Orcel will likely present the bank's business plan in September, according to Il Sole 24 Ore.

TELECOM ITALIA (TIM) TLIT.MI , ENEL ENEI.MI

A deal which will give Italian state lender CDP a majority stake in Open Fiber should ease talks over a long-delayed merger of the broadband firm's network assets with those of Telecom Italia , the CEO of the Italian phone group said on Monday. (*) A single broadband network could make sense in three or five years, Enel CEO Francesco Starace told Il Sole 24 Ore in an interview. He added that the investment in Open Fiber had been an excellent deal for Enel and the utility would make a 1.7 billion euros capital gain by selling its stake in Open Fiber to CDP and Macquarie.

Enel has no intention to own more than 50% of Latin American fiber optic network operator Ufinet since it is not its core business, Starace added.

(*) ATLANTIA ATL.MI

If Atlantia 's unit Autostrade is eventually sold to the consortium led by CDP, then the motorway company could go public, Mf said.

STELLANTIS STLA.MI

Industry-wide car sales in Italy jumped 3277% in April on an annual basis, the transport ministry said on Monday. Stellantis held 40.27% of the Italian car market, according to Reuters calculations GROUP CPRI.MI

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Board meeting on Q1 results, followed by conference call (1100 GMT).

FERRARI NV RACE.MI

Board meeting on Q1 results, followed by conference call (1300 GMT).

ITALGAS IG.MI

Board meeting on Q1 results, press release on May 5.

JONIX JNXI.MI

Specialised in non-thermal plasma (NTP) technology used for indoor air sanitation, debuts on AIM segment.

DIARY

Bank of Italy Governor Ignazio Visco and U.S. Climate Envoy John Kerry attend webinar on "Raising the Bar on Climate Ambition: Road to COP 26" during the 54th Annual meeting of the Board of Governors (0830 GMT).

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