Saipem S.p.a.MIL: SPM

Italy - Factors to watch on December 22

· Issued by Saipem S.p.a.

The following factors could affect Italian markets on Monday.

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 .

ECONOMY

ISTAT releases November producer prices data (0900 GMT).

DEBT

Italy's medium- to long-term gross funding needs are seen at 350 billion to 365 billion euros ($427.96 billion) in 2026, the Treasury said on Friday, down from 380 billion euros of medium- to long-term securities issued this year.

Treasury announces sale of 6-month BOT bills and BTP Short, with relative amounts to be auctioned on Dec. 29.

COMPANIES

TELECOM ITALIA (TIM) MIL:TIT

(*) The board proposed to shareholders the conversion of savings shares into ordinary shares, the company said late on Sunday, at a ratio of one ordinary share for each savings share, plus a cash adjustment of 0.12 euros per savings share.

It added that should savings shares remain after the voluntary conversion period, they would be compulsorily converted at the same one-for-one ratio but with a reduced cash adjustment of 0.04 euros per share. The board also proposed a reduction of the company's share capital to 6 billion euros.

The Italian former phone monopoly said Italy's highest court had ruled in its favour in a long-running concession fee case, confirming the group is owed just over 1 billion euros ($1.2 bln) to end a dispute that has dragged on for over two decades.

STELLANTIS MIL:STLAM

The new package of measures for the auto industry proposed earlier this week by the European Union puts at risk manufacturers' investments in the region, the automaker CEO Antonio Filosa told the Financial Times in an interview on Saturday.

SAIPEM MIL:SPM

The Italian energy contractor said on Sunday it had been awarded an offshore engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG in partnership with China's Offshore Oil Engineering Co (COOEC) SSE:600583.

POSTE ITALIANE MIL:PST

Italy's Treasury has agreed to sell PagoPA, which handles digital payments to public administrations, to the state mint and to the state-backed postal group for up to 500 million euros ($586 million), the mint said on Friday.

FINCANTIERI MIL:FCT, INTERPUMP MIL:IP

The Italian shipbuilder joins Italy's blue-chip stock index FTSE Mib on Monday, replacing Interpump.

(*) JUVENTUS MIL:JUVE

Juventus kept themselves in the Serie A Scudetto race with a 2-1 home win over AS Roma on Saturday, with Francisco Conceicao and Lois Openda netting the goals for the home side and Tommaso Baldanzi scoring for the visitors.

(*) LAZIO MIL:SSL

Lazio drew 0-0 at home against Cremonese on Saturday.

M&A, GOLDEN GOOSE

The Italian luxury sneaker brand said on Friday Chinese venture capital and private equity firm HSG had become its new majority investor, alongside Singapore's wealth fund Temasek as a minority shareholder, after a deal with current owner Permira.

((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

brackets:

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:

Dow JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report: