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Italy - Factors to watch on January 20
Italy - Factors to watch on January 20
About this update from Banco Bpm Spa
The following factors could affect Italian markets on Tuesday.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 .ECONOMYBank of Italy releases November data on foreign investors holdings of Italian government bonds.COMPANIESMONTE DEI PASCHI DI SIENA MIL:BMPS Italy's Treasury is in favour of reappointing Luigi Lovaglio as chief executive of the Tuscan bank, two sources familiar with the matter told Reuters on Monday.MPS shareholder Caltagirone Group said in a statement it did not want to express a view on the board renewal so as not to influence directors, and would wait for any consultation with shareholders ahead of the extraordinary meeting on February 4.BANCO BPM MIL:BAMI The board of directors is expected to meet on Tuesday to review draft amendments to the bylaws and begin the process of submitting its slate for the next board renewal.(*) BANKSItaly's state-owned bad loan manager AMCO and major Italian banks will invest in a new fund, Fondo Alternativo (FIA), designed to rescue the Oaktree-owned Banca Progetto by acquiring its bad loans, Radiocor news agency reported on Monday.(*) NEXI MIL:NEXIInvestment fund Mercury UK Holdco has reduced its stake in the payments group to 0.011% from the previous 3.01%, according to a Consob filing.(*) TELECOM ITALIA (TIM) MIL:TIT, POSTE ITALIANE MIL:PSTInvestment banks are exploring a potential integration of PosteMobile into TIM through a capital increase by the telecoms group reserved for Poste Italiane, the Corriere della Sera daily reported on Tuesday.(*) LEONARDO MIL:LDO, FINCANTIERI MIL:FCTFincantieri has little appetite for a merger with Leonardo, la Repubblica daily wrote on Tuesday, a day after the chair of Leonardo, Stefano Pentecorvo, floated the idea of a future combination between the two state-controlled groups.LUXURYValentino Garavani, a giant of the Italian fashion industry known globally simply as Valentino, died on Monday aged 93, his foundation said. HERA MIL:HER The Italian multi‑utility firm said on Monday it had agreed to acquire water treatment group Sostelia in a worth 138 million euros including debt, boosting its position in the treatment of industrial and civil water.(*) LAZIO MIL:SSLThe Roman soccer team lost 3-0 at home against Como on Monday.DIARYEconomy Ministe...