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Italy - Factors to watch on April 14
Italy - Factors to watch on April 14
About this update from Ferretti S.p.a.
The following factors could affect Italian markets on Tuesday.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 .POLITICSU.S. President Donald Trump's remarks about Pope Leo were "unacceptable", Italian Prime Minister Giorgia Meloni said on Monday, toughening her response after earlier facing criticism for failing to condemn Trump's attack on the pontiff directly.ECONOMYA prolonged crisis in the Strait of Hormuz could trigger a global agrifood catastrophe by disrupting fertiliser and energy exports, driving up food prices and squeezing crop yields, the U.N. Food and Agriculture Organization said on Monday.COMPANIESBANCA MONTE DEI PASCHI DI SIENA (MPS) MIL:BMPSBlackRock NYSE:BLK, the world's biggest asset manager and the third largest investor in MPS with 4.9%, has decided to back a proposal by a dissident investor to reinstate ousted boss Luigi Lovaglio, ANSA news agency reported on Monday.ANSA also said that Vanguard, another leading investor with a stake of around 3%, is instead set to back the rival slate of board nominees put forward by the bank's outgoing directors.(*) Del Vecchio family's Delfin vehicle may choose to abstain from voting on the new board, or to vote in favour of the slate submitted by a group of funds, la Repubblica, MF and Il Giornale reported on Tuesday.(*) Lender Banco BPM MIL:BAMI, which holds 3.7% of the Tuscan bank, will decide on how to vote at a board called on Tuesday, and will likely either abstain from voting or support the candidates suggested by the outgoing board.(*) While appreciating the management of ousted CEO Luigi Lovaglio, the Benetton family's holding company Edizione plans to vote for the slate submitted by the outgoing board, MF and Il Giornale reported on Tuesday.(*) The slate submitted by the outgoing board is set to have a support of over 30% of the bank's shareholders, winning on the first round of votes and beating the alternative list of candidates suggested by Plt Holding, newswire Radiocor reported on Monday.PIRELLI MIL:PIRCChina's Sinochem SSE:600500 said on Monday it may lodge a legal appeal against curbs set by Italy's government to limit its influence over the Italian tyre maker.(*) FERRETTI MIL:YACHTKKCG Maritime's stake in Ferretti rose to just over 23% on Monday after the...