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Italy - Factors to watch on April 15
Italy - Factors to watch on April 15
About this update from Prysmian 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 said on Monday he believes Iran is intentionally delaying a nuclear deal with the United States and that it must abandon any drive for a nuclear weapon or face a possible military strike on Tehran's atomic facilities.ECONOMYBank of Italy releases February data on public finances, state borrowing and debt.COMPANIESTELECOM ITALIA (TIM) MIL:TIT Italy's Economy Ministry and Asterion's Retelit have signed an agreement to buy the phone group's subsea unit Sparkle, in a deal that values it 700 million euros, the ministry and TIM said in a statement, adding that the closing was expected by end-2025. The agreement includes a possible price adjustment in case certain targets for Sparkle's 2025 EBITDA are not met.(*) The shareholders of FiberCop and Open Fiber, including the Italian Economy Ministry which has a 16% stake in FiberCop, held a first meeting on Monday as part of discussions on a possible merger between the two fibre optic grid operators, Il Sole 24 Ore reported on Tuesday.STELLANTIS MIL:STLAMA court in Turin, Italy, has ruled admissible a class action suit against Stellantis concerning potentially faulty airbags made by Japanese auto parts company Takata, the automaker and two consumer groups said on Monday.Annual general meeting (1200 GMT).(*) GENERALI MIL:GIt will be up to the newly-appointed board of Fondazione CRT, which holds a 1.9% stake in Generali, to decide how to vote at Generali's shareholders meeting next week, the foundation's chairwoman Anna Maria Poggi said in an interview with Corriere della Sera published on Tuesday. Generali's annual general meeting is due to vote on a the renewal of the board. BANCO BPM MIL:BAMI Credit Agricole EURONEXT:ACA held a 19.8% stake in the bank as of April 9, while Deutsche Bank XETR:DBK cut its stake to zero, also as of April 9, from a previous 5.18%, according to a Monday filing by market watchdog Consob. (*) MONTE DEI PASCHI (MPS) MIL:BMPS, MEDIOBANCA MIL:MB The board of Banco BPM, which holds a 5% stake in Monte dei Paschi, will meet on Tuesday to decide how to vote at MPS' shareholders meeting on Thursday, a source close to the bank ...