Italy - Factors to watch on July 30

The following factors could affect Italian markets on Wednesday.

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 Q2 GDP flash data (0800 GMT); May industry sales data (0900 GMT); Q2 wage inflation data (0900 GMT).

DEBT

Treasury sells BTP and CCTeu bonds. Subscriptions close at 0900 GMT.

COMPANIES

(*) BANCO BPM MIL:BAMI

Italy's third-largest bank is looking at potential merger and acquisition deals and has several options on the table, its CEO Giuseppe Castagna told Italian daily La Stampa on Wednesday.

UNICREDIT MIL:UCG

Italy will tell the European Union the terms it imposed on the Italian lender's bid for Banco BPM remain in place even after the collapse of the deal, sources said, responding to criticism from Brussels that could ultimately lead to disciplinary steps.

TERNA MIL:TRN

Italy's state-controlled power grid operator reported on Tuesday a 26.6% annual rise in its capital expenditure(CAPEX) in the first half, accelerating its investment in the Italian electricity system.

IVECO GROUP NV MIL:IVG

(*) India's Tata Motors is set to acquire the Italian truck maker for 4.5 billion dollars, Indian daily The Economic Times reported on Wednesday.

Iveco said on Tuesday it was in "ongoing, advanced" talks with different parties for two separate deals regarding its defence business and the rest of the company. Two sources close to the matter told Reuters the deals could be announced as early as Wednesday.

Releases H1 results, followed by conference call (0900 GMT).

MFE-MEDIAFOREUROPE MIL:MFEA

The Bavarian government, responsible for media regulation, has welcomed MFE's new bid and the company's committments for the Munich-based television group ProSieben XETR:PSM.

(*) ENI MIL:ENI

About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA - including the Italian major - are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources.

AMPLIFON MIL:AMP

Italian hearing aid company's second-quarter core profit dropped 8.7% to 147.3 million euros ($169.84 million) on revenue that rose by 0.6%, it said on Tuesday.

INWIT MIL:INW

Italy's biggest mobile telecoms towers company posted a 4.6% rise in second-quarter net profit to 93.4 million euros ($107.80 million) on Tuesday and confirmed full-year guidance.

Conference call on H1 results (0930 GMT).

RECORDATI MIL:REC

Italian drugmaker reported on Tuesday a 9.6% rise in first-half core profit, but said adverse currency moves would have a bigger impact than previously expected over the full year.

Conference calls on H1 results (1200 GMT).

M&A

Kering's deal to fully acquire Italian fashion house Valentino from Qatar-back investment fund Mayhoola is based on earnings multiples and does not include a price floor, the firm's Deputy CEO Jean-Marc Duplaix said on Tuesday.

PRADA HKEX:1913

Releases H1 results (1200 GMT), followed by conference call (1230 GMT).

INTESA SANPAOLO MIL:ISP

Releases H1 results, followed by conference call (1300 GMT).

FINCANTIERI MIL:FCT

Releases H1 results, followed by conference call (1300 GMT).

SNAM MIL:SRG

Releases H1 results, followed by conference call (1400 GMT).

HERA MIL:HER

Releases H1 results, followed by conference call.

BANCA MEDIOLANUM MIL:BMED

Releases H1 results.

LEONARDO MIL:LDO

Releases H1 results.

TENARIS MIL:TEN

Releases H1 results.

DIARY

Rome, Chamber of Deputies holds 'question time' session with Economy Minister Giancarlo Giorgetti (1300 GMT).

((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: