Snam S.p.a.MIL: SRG

Italy - Factors to watch on April 2

· Issued by Snam S.p.a.

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 .

DEBT

Treasury to buy back at auction four BTP bonds worth up 3 billion euros in total and maturing between January 2027 and July 2028.

Italy posted a state sector budget deficit of 32.8 billion euros ($38.09 billion) in March compared to a shortfall of 24.59 billion euros in the same month last year, the Treasury said in a statement on Wednesday.

ECONOMY

ISTAT releases February retail sales data (0900 GMT).

COMPANIES

(*) POSTE ITALIANE MIL:PST, LEONARDO MIL:LDO

The Italian government is expected on Thursday to back outgoing CEO Matteo Del Fante for another term, Corriere della Sera daily reported, adding that the confirmation of Leonardo's CEO Roberto Cingolani was still uncertain.

STELLANTIS MIL:STLAM

The automaker is discussing options for building electric vehicles in Canada with Chinese partner Zhejiang Leapmotor Technology HKEX:9863, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Stellantis' sales in the U.S. were up 4% year-on-year in the first quarter, with an improving market share, the company said.

New car registrations in Italy rose in March by 7.6% year-on-year to 185,367 vehicles, transport ministry data showed on Wednesday. Stellantis outperformed the market with a 10.8% jump, Reuters calculations showed.

UNICREDIT MIL:UCG

The lender said on Wednesday it was above the Minimum Requirements for Own Funds and Eligible Liabilities (MREL) set by Resolution Authorities.

(*) SNAM MIL:SRG

Energy regulator ARERA has paused a government plan to sell gas reserves held by Snam and Gse to fund cuts in energy bills for energy-intensive businesses, as the move needs to be authorised by the EU under state aid rules, MF daily reported on Thursday.

LUXURY

Gucci-owner Kering EURONEXT:KER on Wednesday announced a deal struck with Qatar's Al-Mirqab Group to sell it an 80% interest in its property on Via Monte Napoleone in Milan for 1.16 billion euros ($1.35 billion).

(*) BFF MIL:BFF

The bank said on Wednesday that ratings agency Moody's had downgraded its long-term deposit rating to 'Baa3' from 'Baa2' and placed it on review for a further downgrade, after the Bank of Italy appointed commissioners to help with the lender's restructuring of its factoring business and internal control system.

(*) PIRELLI MIL:PIRC

Executive Vice President Marco Tronchetti Provera was seen entering Italy's main government building on Wednesday, several newspapers reported on Thursday, linking the visit to efforts to resolve a spat over Chinese influence on the tyremaker.

(*) A2A MIL:A2A

The municipalities of Milano and Brescia, which each own 25% of the utility, is set to back the reappointment of outgoing CEO Renato Mazzoncini, Il Sole 24 Ore daily reported on Thursday.

(*) BANCA SISTEMA MIL:BST

The merger with Banca CF+, which has taken over Sistema, will be completed by the end of the year, and a new industrial plan for the combined entity will come in late 2026 or early 2027, the CEO of both companies Iacopo De Francisco told daily MF. He added that the company will aim to expand abroad, in Spain, Greece and Portugal.

ITALMOBILIARE MIL:ITM

The CEO of the Pesenti family holding company, Carlo Pesenti, will spend the next three years looking for a successor, allowing him to move to the position of chairman, newspaper la Repubblica reported on Thursday.

AEROSPACE

Italy's Argotec will open a satellite production site in Florida on Thursday, the aerospace engineering company said , expanding in the United States to exploit the world's largest space market.

Bourse After Hours market closed.

INWIT MIL:INW

Releases FY results.

DIARY

Rome, Foreign Minister Antonio Tajani and Bank of Italy Governor Fabio Panetta deliver welcome addresses at Foreign Ministry and Bank of Italy joint conference "A turbulent world: political crises, trade disputes and economic and financial shocks. What strategies for the development of exports and Italy's economic security?" (0830 GMT).

((Milan newsroom, e-mail: ))

For Italian market data and news, click on codes in

brackets:

20 biggest gainers (in percentage)(.PG.MI)20 biggest losers (in percentage)(.PL.MI)

FTSE IT allshare index FTSE:ITLMS

  • FTSE Mib index
  • .FTMIB

FTSE Allstars index... FTSE:ITSTAR

FTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)Stories on Italy (IT-LEN)

For pan-European market data and news, click on codes in

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European Equities speed guide(EUR/EQUITY) FTSEurofirst 300 indexFTSE:E3X DJ STOXX indexTVC:SXXP Top 10 STOXX sectors(.PGL.STOXXS) Top 10 EUROSTOXX sectors(.PGL.STOXXES) Top 10 Eurofirst 300 sectors(.PGL.FTEU3S) Top 25 European pct gainers(.PG.PEUR) Top 25 European pct losers(.PL.PEUR)

Main stock markets:

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