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Italy - Factors to watch on July 25
Italy - Factors to watch on July 25
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 .ECONOMYISTAT releases July consumer and business confidence data (0800 GMT).DEBT(*) The Treasury said on Thursday it would sell 6.5 billion euros in six-month BOT bill at auction on July 29.On Friday the Treasury will announce the sale of BTP and CCTeu bonds, with relative amounts to be auctioned on July 30.COMPANIESUNICREDIT MIL:UCGItaly's second-largest bank will launch on Friday the first tranche of its residual 2024 share buyback, worth 1.8 billion euros out of a total planned 3.6 billion euros. BPER BANCA MIL:BPE, BANCA POPOLARE DI SONDRIO MIL:BPSOItaly's fourth-largest bank said on Thursday it had crossed the 66.67% threshold of Banca Popolare di Sondrio's share capital. The full voluntary takeover offer ends on Friday.ENI MIL:ENI(*) The energy group said on Friday its second-quarter earnings fell 25% year on year as lower oil price, refining margins and a weaker dollar overshadowed a better than expected performance of its gas business.The oil major said on Thursday its board approved the distribution of a first tranche of the 2025 dividend, amounting to 0.26 euros per share out of a total planned 1.05 euros. TELECOM ITALIA (TIM) MIL:TITEU antitrust regulators will investigate whether U.S. investment firm KKR NYSE:KKR provided incorrect or misleading information in its 22 billion euro acquisition of Telecom Italia's (TIM) fixed-line network deal, the European Commission said on Thursday.LEONARDO MIL:LDOLuxembourg-based GovSat, a public-private joint venture between the government of Luxembourg and satellite operator SES, signed a contract with Thales Alenia Space, a joint venture between Thales and Leonardo, for the supply of a new defence geostationary communications satellite, GovSat-2, Thales Alenia Space said on Thursday.(*) EDISON MIL:EDNRThe group will participate in upcoming auctions, both for renewable energy plants and for batteries, and is also waiting for auctions for hydroelectric energy storage systems, the company's Chief Executive Nicola Monti said in an interview to la Repubblica published on Friday.(*) AVIO MIL:AVIO The rocket maker is in talks with the U.S. government to conduct space launches fro...