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Italy - Factors to watch on April 23

Published 23/04/2021, 04:54 pm
© Reuters.

The following factors could affect Italian markets on Friday.

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

Italy reported 360 coronavirus-related deaths on Thursday against 364 the day before, the health ministry said, while the daily tally of new infections rose to 16,232 from 13,844. S&P Global (NYSE:SPGI) rating agency scheduled reviews of sovereign debt rating.

DEBT

Italy's Treasury said on Thursday it would offer up to 5.5 bln euros in short-term BTP bond,linkers at auction on April 29. new 'BTP Futura' retail bond attracted orders worth 467 million euros ($560.82 million) on Thursday, the fourth day of the offer, bringing the total for the first four days to 5.15 billion euros, bourse data showed. ends offer of third edition of 16-year 'BTP Futura' bond (1100 GMT), subject to early closure; announces definite coupon rates.

Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on April 28.

COMPANIES

TOD'S TOD.MI

French luxury goods group LVMH LVMH.PA will increase its stake in fashion company Tod's to 10%, Tod's said on Thursday, in a move which sources described as "friendly support" for the Italian struggling leather goods maker. L1N2MF2JH

MONCLER MONC.MI

The luxury puffer jacket maker Moncler posted on Thursday a strong increase in first quarter sales, a touch under those in the first quarter of 2019 - before the coronavirus pandemic -, boosted by a strong growth in Asia and solid signs of recovery in North America. ATL.MI

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Italian prosecutors are preparing possible charges against dozens of former employees of infrastructure group Atlantia after concluding an inquiry into a deadly motorway bridge collapse in 2018, a document filed by prosecutors on Thursday showed. board is expected to meet to discuss an offer filed by a consortium of investors led by CDP for the group's motorway unit Autostrade and may review a potential alternative proposal from Spanish infrastructure group ACS.

(*) State lender CDP does not intend to increase its bid for Autostrade despite a rival bid by Spanish ACS, La Stampa said, adding that the state-lender is rather making small tweaks to the offer.

ENEL ENEI.MI

The Italian utility said that in the first quarter its total global power production stood at 56,153 GWh. UNICREDIT CRDI.MI

By mid-May, new CEO Andrea Orcel could review the top management organization of the bank, with the possible reintroduction of the general manager role, MF said.

UNICREDIT, BANCO BPM BAMI.MI

The head of Italy's Banco BPM has not been in contact with the newly-appointed chief executive of rival UniCredit, a spokeswoman for Banco BPM said on Thursday, after a report the two had met over a potential tie-up. BANCO BPM, BPER EMII.MI

Regarding M&A Banco Bpm CEO Giuseppe Castagna prefers a merger with Italian rival Bper, which could take place shortly, MF said.

CREDITO VALTELLINESE PCVI.MI

Italy's bourse said on Thursday investors had tendered shares equivalent to 49.4% of the total targeted by the bid in the second-to last day offer.

Credit Agricole CAGR.PA ends full voluntary takeover offer on Credito Valtellinese ordinary shares.

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

Enel should exit Open Fiber's shareholding in a matter of days, and it is expected to sell 40% of the broadband company to fund Macquarie and some 10% to state-lender CDP, which already holds 50% in Open Fiber, La Stampa reported. It added that CDP will likely hold a board meeting on Tuesday evening and that Open Fiber had pushed back by a week its vote with regards to Macquarie entering its shareholding in order to allow CDP to fine-tune the last details of the deal.

JUVENTUS JUVE.MI , AS ROMA ASR.MI , LAZIO LAZI.MI

Italy's top pay tv player Sky filed a request with an Italian court to block the sale of Serie A broadcasting rights to sport streaming service DAZN, saying it was in breach of existing laws, two sources familiar with the matter said on Thursday. Sky and Dazn delcined to comment.

(*) ALITALIA (not listed)

The European Commission was unhappy with Rome's decision to allocate 50 million euros to pay the carrier's staff wages as Rome did not notify Brussels, La Stampa and Il Messaggero reported, adding that the move could damage the already difficult negotiations over the relaunch of the airline.

SECO

High Tech company SECO starts IPO; ends on April 30.

AMPLIFON AMPF.MI

Annual general meeting (0800 GMT).

AUTOGRILL AGL.MI

Annual general meeting (0830 GMT).

DIARY

G20 ends "2nd Culture Working Group Meeting" via videoconference.

Intesa Sanpaolo ISP.MI Chairman Gian Maria Gros-Pietro attends online round-table discussion on the internationalisation processes of the Cuneo area production system (0800 GMT).

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Online presentation "International Strawberry Symposium" which will take place online May 1-5, with Agriculture Ministry Undersecretary Francesco Battistoni, Foreign Affairs Ministry Undersecretary Manlio Di Stefano (0800 GMT).

Luiss university holds webinar "Europe after the pandemic" in occasion of 'Graduation day della School of Government' ceremony with EU Affairs Ministry Undersecretary Vincenzo Amendola, French EU Affairs Minister Clement Beaune (1700).

Rome, Ruud de Mooij, Head of the Tax Policy Division of the International Monetary Fund's (IMF) Fiscal Affairs Department, speaks via videoconference before Chamber of Deputies and Senate Finance committees on the reform of personal income tax and other aspects of the tax system (1400 GMT).

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