Italy - Factors to watch on Feb. 26

  • Reuters
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Italy - Factors to watch on Feb. 26
Credit: © 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 .

GENERAL

Italy reported 308 coronavirus-related deaths on Thursday against 318 the day before, the health ministry said, while the daily tally of new infections rose to 19,886 from 16,424 the day before. releases January non-EU foreign trade (1000 GMT).

DEBT

Italy's first-ever green BTP bond offer is "imminent" and will be closed before the end of the first quarter of the year, two Treasury officials said on Thursday. ATL.MI

The group's board is set to assess on Friday the offer presented by the consortium led by Cassa Depositi e Prestiti (CDP) for its 88% stake in Autostrade per l'Italia. One source close to the matter said on Thursday the consortium had attached a request for Atlantia to cover potential legal claims linked to the Genoa bridge disaster for an amount of around 700 million euros. (*) CDP's offer includes a total of up to 1.5 billion euros in possible compensation for legal risks, not only related to the Genoa bridge collapse, La Repubblica said.

MONTE DEI PASCHI (MPS) BMPS.MI

MPS said on Thursday it was working to reduce its legal risks while the European Union assessed the state-owned bank's ability to stay in business before unlocking more public aid. FCT.MI

The shipbuilder sees an annual increase in revenue of between 25%-30% and a return to profit this year, in the expectation that COVID vaccines will help the cruise industry overcome its current crisis. (*) Fincantieri said on Friday it was set to sign a contract for the construction of two new-generation submarines for the Italian Navy. Fincantieri will act as the prime contractor for the order, whose total value is 1.35 billion euros and which includes the option for two additional units. STLA.MI

Talks will continue between Britain and the parent company of the Vauxhall car factory over its future as the automaker awaits a binding commitment of government support before it makes a major post-Brexit investment decision. ENEI.MI

The Italian utility has agreed to set up a joint venture with India's Sterling and Wilson to enter the Indian e-mobility market, the head of the utility's innovative services unit said on Thursday. could do more things with private equity Cinven, its partner in Latin America broadband company Ufinet, the head of the utility's innovate services unit said on Thursday. board approved on Thursday the issue of hybrid bonds up to 3 billion euros. TLIT.MI

Sky expressed concerns in a letter to Italy's top soccer league on Thursday that an accord between Telecom Italia TLIT.MI and DAZN Group over potential rights to screen Serie A matches for the next three seasons may harm competition. MEDIASET MS.MI

Mediaset shareholder Vivendi VIV.PA plans to ask an Italian watchdog to close the inquiry into the French media giant's stakes in the Italian broadcaster and in the country's biggest phone group Telecom Italia, Il Sole 24 ore said. Should it fail to succeed, Vivendi is set to file a complaint asking the authority to open an investigation into the stakes held by Mediaset's controlling shareholder Fininvest in media and telecom industries, the newspaper added.

(*) DIASORIN DIAS.MI

The diagnostic group is considering the acquisition of Texas-based rival Luminex LMNX.O , Mf said, quoting Bloomberg.

DOVALUE DOVA.MI

The Italian debt recovery firm said on Thursday its core profit excluding non-recurring items fell to 125.3 euros last year from 140.4 million euros in 2019. JUVE.MI

The Serie A club said on Thursday it would close its 2020-2021 financial year with a loss after the COVID-19 crisis pushed it further in the red, with revenues plummeting in the first six months due to closed door matches. ministerial meeting via videoconference "1st Finance Ministers and Central Banks Governors Meeting", expected attendees include ECB President Christine Lagarde and ECB board member Fabio Panetta. Followed by online news conference with Italian Economy Minister Daniele Franco and Vice Economy Minister Alessandro Rivera, Bank of Italy Governor Ignazio Visco and Vice Governor Giuseppe Parigi (1600 GMT).

Online closing conference of 'Master in Homeland Security' on "Critical infrastructure protection between national strategy and EU regulation" with market regulator Consob Commissioner Paolo Ciocca, Cabinet Deputy Military Adviser Francesco Pagnotta, Snam SRG.MI representative Andrea Chittaro (1100 GMT).

Youth 4 Climate Live Series – "Driving Local Action" – conference with Green Transition Minister Roberto Cingolani (1500 GMT).

Rome, Industry Minister Giancarlo Giorgetti, Infrastructure and Transport Minister Enrico Giovannini, Economy Minister Daniele Franco expected to meet on Alitalia (morning).

Rome, Cabinet meeting (1130 GMT).

Rome, Italy government expected to send regions draft on next COVID-19 restrictions.

Milan, Italy' Serie A Soccer League holds meeting on broadcast rights (1030 GMT).

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