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Italy - Factors to watch on Nov. 25

Published 25/11/2020, 06:50 pm
© Reuters.
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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 .

CORONAVIRUS

Italy reported 853 COVID 19-related deaths on Tuesday, soaring from 630 the day before and the highest daily toll since March 28. The health ministry also registered 23,232 new coronavirus infections, up marginally from 22,930 the day before. sells 1.5-2.0 billion euros CTZ bonds due Sept. 28, 2022 and 0.75-1.25 billion euros BTPei bonds due May 15, 2023. Subscriptions close at 1000 GMT.

COMPANIES

(*) SNAM SRG.MI

Europe's biggest gas pipeline company said on Wednesday it aimed to be carbon neutral by 2040 as it bumps up spending to get its network ready for hydrogen and the industry-wide transition to cleaner energy sources. news conference (1000 GMT) and conference call (1300 GMT) on 2020-2024 strategic plan.

ENEL ENEI.MI

Enel 's head said on Tuesday it could be the right time for the Italian utility to exit broadband operator Open Fiber as an offer by Australian fund Macquarie gives the group a big opportunity to monetise its investment. ENI.MI

Eni declared force majeure on exports of Nigerian Brass River crude oil following pipeline explosions in Bayelsa state, the company said on Tuesday. MONTE DEI PASCHI DI SIENA BMPS.MI

The Italian bank said on Wednesday Goldman Sachs (NYSE:GS) had concluded at a price of 1.162 euros per share the sale of a 2.14% stake through an accelerated bookbuilding procedure, following the exercise of withdrawal rights in relation to its Hydra project. BANCA MEDIOLANUM BMED.MI , CREDEM EMBI.MI , BANCO DESIO DESI.MI

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Preliminary bids for Cedacri have valued the banking software and back-office group owned by CDP and a group of 14 banks including Banca Mediolanum and Credem at 1.6 billion euros, la Repubblica reported, adding Accenture (NYSE:ACN) ACN.N was in pole position as Cedacri prepared to short-list offers.

(*) BANKS

Italy's co-ruling 5-Star Movement wants to cap tax breaks which the Treasury has included in the 2021 budget to encourage bank mergers, a draft document seen by Reuters showed on Tuesday. POPOLARE DI SONDRIO BPSI.MI , BANCO BPM BAMI.MI , BPER BANCA EMII.MI

Both La Stampa and MF speculated about the possibility that a tie-up between Banco BPM and BPER could include also Popolare di Sondrio.

ATLANTIA ATL.MI

The group's motorway unit Autostrade per l'Italia said on Tuesday it had invested 60 million euros in a new monitoring system for highway bridges, overpasses and tunnels that will use artificial intelligence. Autostrade worked with Fincantieri's FCT.MI unit NexTech and IBM (NYSE:IBM) IBM.N on the digital platform.

HERA HRA.MI

The Italian energy company said on Tuesday it had increased the maximum plafond of its EMTN programme to 3.5 billion euros. ORSO.MI

The Italian fruit company said on Tuesday it had completed a buy-back program and held 0.86% in treasury shares. starts 6th virtual edition MED-Mediterranean Dialogues "Beyond turmoil, a positive agenda" (0900 GMT), ends on Dec. 4. On Wednesday ISPI President and Fincantieri FCT.MI Chairman Giampiero Massolo and Foreign Affairs Minister Luigi Di Maio;

Think-tank Nomisma holds online presentation of "2020 3rd Report on Real Estate Market" (1000 GMT).

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Digital event on "Cybersecurity, new challenges for changing businesses" with Defence Ministry Undersecretary Angelo Tofalo (1400 GMT).

'Milano Fashion Global summit 2020' digital edition continues; ends on Nov. 27. On Wednesday on "Supply chain, strategic excellence for Italy" (0830 GMT) expected attendees include fashion house Dolce&Gabbana founders Domenico Dolce and Stefano Gabbana and CEO Alfonso Dolce, Brunello Cucinelli BCU.MI Chairman Brunello Cucinelli, Loro Piana CEO Fabio D'Angelantonio, LVMH Watches&Jewellery CEO Jean Christophe Babin.

Fortune Italia starts online "Sustainability Forum"; ends on Nov. 26. Expected attendees on Wednesday include Edison EDNn.MI CEO Nicola Monti, digital bank AideXa Chairman Roberto Nicastro.

Infrastructure and Transport Minister Paola De Micheli delivers closing address at web meeting "Transport and logistics: analysis and prospects for Italy".

Rome, banking association ABI Director General Giovanni Sabatini speaks via videoconference before Chamber of Deputies Finance Committee on electronic payments (1400 GMT)

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