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Italy – Factors to watch on April 15

PUBLISHED: Thu, 15 Apr 2021 04:00:00 GMT

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The following factors could affect Italian markets on Thursday.

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 March CPI final data (0800 GMT).

Bank of Italy releases February data on public finances, state borrowing and debt.

POLITICS

President Tayyip Erdogan accused Italian Prime Minister Mario Draghi on Wednesday of behaving with “impertinence and disrespect” after he called the Turkish leader a “dictator”.

COMPANIES

UNICREDIT

Shareholders in Italy’s No.2 bank are set to back the appointment of CEO-designate Andrea Orcel at Thursday’s general meeting, where they are also called to vote on a new remuneration policy that sets the new boss’ pay at up to 7.5 million euros.

STELLANTIS

Italy’s Agnelli and France’s Peugeot, the largest shareholders in Stellantis, have signed a consultation agreement, holding companies representing the two families said on Wednesday, on the eve of the carmakers’ first annual general meeting.

CREVAL

Credit Agricole Italia has decided to increase the price of its buyout offer for Italy’s Creval and is now ready to pay 12.2 euros per share up from the initial 10.5 euros, the lender said, confirming what a source had told Reuters.

The Italian arm of French bank Credit Agricole would further increase the price paid for each Creval share to 12.5 euros if shares corresponding to more than 90% of the bank’s capital were tendered.

ATLANTIA

Italy’s government will decide later on whether to use the so-called ‘golden powers’ in Atlantia’s planned sale of its motorway unit Autostrade per l’Italia, Infrastructure Minister Enrico Giovannini told Rai TV channel on Wednesday.

Spanish infrastructure group ACS has hired French investment bank Societe Generale to advise it on its up to 10 billion euro ($11.98 billion) potential offer for Autostrade per l’Italia, two sources with knowledge of the matter said on Wednesday.

The Italian infrastructure group will hold a board meeting on Friday to decide whether the binding offer presented in March by the CDP-led consortium could be submitted to a shareholders meeting in the coming month.

Atlantia said traffic on its Italy motorways rose 217% year-on-year last week.

MEDIASET

The Italian broadcaster remains open to considering any “good proposal” from shareholder Vivendi despite the fact that there are media companies that would be a better fit for Mediaset, CFO Marco Giordani told The Voice of Business in a video interview. “Any idea that gets thrown our way we would consider it,” he said.

SAFILO

The eyewear company said on Wednesday that an agreement has been reached with the trade unions and the work council regarding the closure of the Ormož production site in Slovenia starting from June.

TENARIS

Russia’s Lukoil has chosen Tenaris for its first project in Mexico.

BANCA MEDIOLANUM

Annual general meeting (0800 GMT).

BANCO BPM

Annual and extraordinary shareholders’ meeting (0830 GMT).

CNH INDUSTRIAL NV

Annual general meeting (1530 GMT).

FERRARI NV

Annual general meeting (1200 GMT).

STELLANTIS NV

Annual general meeting (1230 GMT).

MAIRE TECNIMONT

Annual general meeting (0830 GMT).

OVS

Board meeting on FY results (closed on Jan. 31).

AUTOSTRADE PER L’ITALIA

Annual general meeting.

DIARY

G20 holds “1st Africa Advisory Group Meeting”.

Online event on “A sustainable country” with Transport Minister Enrico Giovannini, ERG CEO Luca Bettonte (0900 GMT).

Webinar on “Obliged to grow. The tomorrow of today’s youth” with Youth Policy Minister Fabiana Dadone, Telecom Italia (TIM) CEO Luigi Gubitosi, INWIT CEO Giovanni Ferigo, LVenture Group CEO Luigi Capello, Vetrya CEO Luca Tomassini (0730 GMT).

Rome, G20 continues “2nd Employment Working Group Meeting”; ends on April 16.

Rome, U.N. High Commissioner for Refugees Filippo Grandi speaks before Chamber of Deputies foreign Affairs Committee (0630 GMT).

Rome, Chamber of Deputies Speaker Roberto Fico attends via video-conference the 27th Conference of Presidents of the Parliaments of the Adriatic-Ionian Initiative (0900 GMT); receives U.N High Commissioner for Refugees Filippo Grandi (1230 GMT).

Rome, Health Minister Roberto Speranza speaks before Chamber of Deputies on vaccines (1000 GMT).

Rome, Industry Minister Giancarlo Giorgetti speaks via videoconference before Chamber of Deputies Industry Committee together with Senate Industry, Commerce and Tourism committees on the policy lines of his ministry (0630 GMT).

Rome, Industry Minister Giancarlo Giorgetti holds videoconference with Piedmont region Governor Alberto Cirio and Veneto region Governor Luca Zaia on Embraco-Acc (0900 GMT).

Rome, Equal Opportunity and Family Minister Elena Bonetti speaks before Parliamentary Youth Committee on child and adolescent policies in the national recovery and resilience plan (0600 GMT).

Rome, Italian banking association ABI Director General Giovanni Sabatini speaks before Chamber of Deputies state lender Cassa Depositi e Prestiti Supervisory Committee (1200 GMT).

Rome, Council of State expected to rule over the reform that forces large Italian mutual lenders to become joint-stocks companies.

Turin, trade unions meet with management of Stellantis in presence.

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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