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Italy - Factors to watch on December 19
Italy - Factors to watch on December 19
About this update from Saipem S.p.a.
The following factors could affect Italian markets on Friday.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 .POLITICS(*) European Union leaders decided on Friday to borrow cash to fund Ukraine's defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.Italy will be willing to back a trade agreement between the European Union and the South American Mercosur bloc just as soon as issues surrounding agriculture are resolved, Italian Prime Minister Giorgia Meloni said on Thursday.(*) EU Commission President Ursula von der Leyen said on Friday enough EU member states will support the EU-Mercosur trade deal to eventually approve it, adding its signature would be postponed slightly.ECONOMYISTAT releases December consumer and business confidence data (0900 GMT); October industry sales data (1000 GMT).Bank of Italy releases October data on foreign investors holdings of Italian government bonds.COMPANIESASSICURAZIONI GENERALI MIL:GBoard meeting.MONTE DEI PASCHI DI SIENA MIL:BMPS, MEDIOBANCA MIL:MB Italian Economy Minister Giancarlo Giorgetti denied on Thursday he had exerted "any interference or pressure" to influence Monte dei Paschi's successful takeover of Mediobanca, which is being investigated by Milan prosecutors.PIRELLI MIL:PIRC The tyremaker said on Thursday nearly all holders of its 500 million euro ($587 million) bond expiring this month have chosen to convert it into new shares in the company, diluting the stakes held by the group's existing investors.The stake of Chinese state-owned Sinochem, Pirelli's largest investor, will be reduced to around 34.1% from 37% now, while that of Camfin - the vehicle of Italian businessman Marco Tronchetti Provera - will dip to 25.3% from 27.4%.(*) PRYSMIAN (PRI.MI) The cable maker said on Friday it would proceed with an earn-out payment of $200 million, in line with the terms set out in the acquisition contract of U.S. connectivity device manufacturer Channell and its performance.NEXI MIL:NEXIThe Italian fintech company said on Thursday it had rejected the offer by US private equity firm TPG for the acquisition of its digital banking unit.ENEL MIL:ENELItaly's largest utility...