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Italy - Factors to watch on April 24
Italy - Factors to watch on April 24
About this update from Saipem 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 .POLITICSItaly's deal to send migrants to Albania while their asylum claims are processed is compatible in principle with EU rules, an adviser to the bloc's top court said on Thursday, offering a lifeline to a policy repeatedly challenged in the courts.ECONOMYItaly estimates revenue from state asset disposals through 2028 worth around 0.8% of national output, or almost 19 billion euros ($22.21 billion), a government document showed on ThursdayDEBTGreece will no longer be the euro zone's most indebted country by the end of this year, with its public debt set to fall below Italy's, according to sources and data from Italy's new budget plan.The Italian Treasury said on Thursday it would sell 4.5 billion euros of BOT bills at an auction on April 28.Treasury sells BTP Short and BTPei bonds. Subscriptions close at 0900 GMT.Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on April 29.COMPANIES(*) BANCA MONTE DEI PASCHI (MPS) MIL:BMPSThe Tuscan bank said on Friday it was not studying a sale of its stake in insurer Generali MIL:G and was fully focused on merging recently acquired peer Mediobanca MIL:MB into the group.The Financial Times reported on Friday that reinstated Monte dei Paschi CEO Luigi Lovaglio was considering such an option.The bank appointed on Thursday Lovaglio as CEO and general manager and elected Cesare Bisoni as chair of the board.(*) STELLANTIS MIL:STLAMThe carmaker will focus the majority of its investment on its core Jeep, Ram, Peugeot and Fiat brands under CEO Antonio Filosa's strategic plan due to be announced in May, five sources said, with a "material increase" to their funding.(*) ENI MIL:ENIThe Italian energy group on Friday increased its share buyback by around 90% to 2.8 billion euros ($3.27 billion) and improved its 2026 guidance on cash flow from operations.Conference call (14,00).(*) SAIPEM MIL:SPMAlphavalue raised on Friday its rating on the stock to 'add' from 'reduce'.PIRELLI MIL:PIRCThe Italian tyre maker said on Thursday it would hold a June 25 shareholder meeting on the renewal of its board.DIARYPrime Minister Giorgia Meloni attends informal summit of EU ...