October 7, 2019 / 6:45 AM / 15 days ago

Italy - Factors to watch on Oct. 7

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 .

ECONOMY

ISTAT releases monthly bulletin on the state of the economy in September (0800 GMT).

Bank of Italy releases September data on Target 2 liabilities and European Central Bank funding to Italian banks.

DEBT

Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on Oct. 10.

COMPANIES

TELECOM ITALIA (*) Telecommunication group Telefonica plans a deal with Telecom Italia and America Movil to buy the Brazilian OI, Spanish newspaper Expansion said. The deal would provide synergies in frequencies, towers and stores.

It does not make sense economically to have overlapping broadband infrastructures, recently appointed Technological Innovation minister Paola Pisano said on the sidelines of a conference in Capri, according to il Sole 24 ore on Sunday.

CEO Luigi Gubitosi told Italy’s antitrust in September the group planned to adopt the co-investment model envisaged by new EU regulations to build out its fiber-to-the-home network, Il Sole 24 Ore said on Saturday. The model foresees the co-existence of other networks to increase competition.

(*) UBI BANCA, BANCO BPM, MONTE DEI PASCHI

An old project to merge UBI, Banco BPM and Monte dei Paschi could be resumed in the coming months as the Italian government prepares to exit from Monte dei Paschi, L’economia/Corriere della Sera reported on Monday.

ATLANTIA, ALITALIA

Investors working on the rescue of Italian flag carrier will send the industry ministry a list of obstacles standing in the way of the airline’s turnaround, one source close to the matter said, putting pressure on Rome to help with finalising a deal.

Papers on Saturday cited Prime Minister Giuseppe Conte as saying the question of the possible revocation of Atlantia’s highway concessions and Atlantia joining Alitalia’s rescue plan were two separate issues that cannot be mixed.

Il Messaggero and Corriere on Saturday said Conte would meet the top management of Atlantia on the Alitalia plan early this week. Il Messaggero also said a meeting between the industry minister and Atlantia management last Thursday helped thaw relations over the concession issue to the extent that the consortium Atlantia is part of to save Alitalia will be able to confirm its binding offer by Oct 15.

Businessman German Efromovich is offering up to one billion euros to buy Alitalia, says Corriere della Sera on Saturday while according to La Stampa the state will pump another 500 million euros into the airline for liquidity purposes by end October.

(*) ITALGAS

The group could consider acquisitions abroad in the future, CEO Paolo Gallo told Affari&Finanza/La Repubblica on Monday.

(*) BIO-ON

Italy’s market watchdog Consob is making checks on the company’s first-half results and the joint ventures it has signed to ascertain whether the management has manipulated the stock price, La Stampa reported on Monday.

(*) JUVENTUS

Juventus ended Inter Milan’s perfect record in Serie A and took over top spot as Gonzalo Higuain’s late strike earned a 2-1 victory in the San Siro on Sunday.

(*) AS ROMA

AS Roma drew 1-1 at home to Cagliari.

The Serie A soccer team posted a net loss of 24.3 mln euros in the fiscal year to June 2019.

(*) SS LAZIO

Lazio drew 2-2 at home to Bologna.

ENI, ENEL

Iberdrola targets 1 million customers in Italy in the next three years from 150,000 now, the group’s Italy country manager Lorenzo Costantini told Il Messaggero on Sunday.

MEDIASET

Shareholders representing only 0.0417% of outstanding shares opted to withdraw from the Italian broadcaster’s reorganisation plan, the company said on Friday.

A2A, IREN, HERA

The utilities are interested in Italian waste and environmental services company Unieco Ambiente, Il Sole 24 Ore said on Saturday. The auction of the asset, worth around 100 million euros, is set to start, it said.

SAFILO

The Italian eyewear maker has renewed for three years an accord with French luxury giant Kering to manufacture and supply Gucci-branded products, the companies said on Friday.

CASTA DIVA GROUP

Starts capital increase, ends on Oct. 24.

CYBEROO

Debuts on AIM segment.

VISIBILIA EDITORE

Starts capital increase, ends on Oct. 24.

IPO - RCF GROUP

IPO starts, ends on Oct. 17; holds news conference to present IPO for listing on main segment (MTA) (0945 GMT).

DIARY

Rome, CNEL-National Council for Economy and Labour (1600 GMT), Economy Minister Roberto Gualtieri (1700 GMT) speaks before Senate and Chamber of Deputies Budget committees on the government’s new economic and public finance targets that will underpin its 2020 budget.

Rome, Italy’s lower house discusses reform to cut number of Parliamentary members.

Conference on “Where the Italian economy goes and the economic policy scenarios” with European Commission representative Marco Buti, Italian Economy Minister Roberto Gualtieri (0800 GMT).

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................

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