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Italy - Factors to watch on April 24

Italy - Factors to watch on April 24

Banca Profilo S.p.a.April 24, 20255
Italy - Factors to watch on April 24

About this update from Banca Profilo 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 .DEBTTreasury sells 2.5-3.0 billion euros 2.55% BTP Short bonds due Feb. 25, 2027. Subscriptions close at 0900 GMT.COMPANIESASSICURAZIONI GENERALI MIL:GChief Executive Philippe Donnet faces a shareholder vote on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government.(*) UniCredit will back the list of directors submitted by Italian tycoon Francesco Gaetano Caltagirone, Bloomberg news reported on Wednesday.(*) UniCredit has increased its stake in Generali to between 6% and 7%,a person with knowledge of the matter said on Thursday.(*) The Benetton family, one of the insurer's shareholders, will abstain from voting, several Italian dailies reported on Thursday. (*) Italian banking foundation Fondazione CRT, which holds a 1.9% stake in Generali, could support Caltagirone's list, Italian daily Corriere della Sera reported on Thursday.UNICREDIT MIL:UCGThe bank led by CEO Andrea Orcel on Wednesday held its first board meeting since the government on Friday imposed a number of prescriptions to authorise the bid for Banco BPM, two people close to the matter said. UniCredit has said the prescriptions could be harmful for the bank, adding it had immediately engaged with the government and could not take, at present, a final decision in relation to the bid, which starts on Monday and runs until June 23. UniCredit has a right to drop it until June 30. ENI MIL:ENI (*) The energy group on Thursday reported a smaller than expected 11% yearly dropin adjusted net profit for the first quarter. The group will hold a post-results conference call at 1200 GMT. (*) The UK government and the Italian energy company are set to approve a 38-mile pipeline to collect carbon dioxide from industrial facilities in Liverpool and Manchester for offshore storage, the Financial Times reported on Wednesday.(*) STELLANTIS MIL:STLAMNew car registrations at the car maker in the European Union, Britain and the European Free Trade Association (EFTA) in March fell by 5.9%, European Automobile Manufacturers Association ACEA data showed. (*) PIRELLI MIL:PIRC The t...

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