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Italy - Factors to watch on June 11
Italy - Factors to watch on June 11
About this update from Prysmian S.p.a.
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 .POLITICSItalian Prime Minister Giorgia Meloni snubbed a referendum on easing citizenship laws but has emerged stronger from the vote as the leftist opposition failed to mobilise mass opposition to her right-wing government after nearly three years in power.ECONOMYBank of Italy releases April data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.DEBTTreasury sells 8.5 billion euros 12-month BOT bills. Subscriptions close at 0900 GMT.COMPANIESUNICREDIT MIL:UCG, BANCO BPM MIL:BAMI UniCredit is expected to win European Union antitrust approval for its Banco BPM takeover bid after offering to sell 206 branches to ease competition concerns, people with direct knowledge of the matter said on Tuesday.PRYSMIAN MIL:PRY The world's largest cable maker will revise guidance on July 31 including Channell's contribution, it said on Tuesday, as it completed the acquisition of the U.S. connectivity device manufacturer for $950 million. STELLANTIS MIL:STLAM Stellantis has expanded its voluntary redundancy scheme for Italy, affecting almost 700 workers at two plants in the south of the country, the carmaker said on Tuesday, bringing to almost 2,500 the planned workforce reduction this year.TECHNOPROBE MIL:TPRO(*) Leading shareholder T-Plus, the holding of the Crippa family, has completed the placement of 10 million ordinary shares, equal to 1.53% of the capital, at a price of 7 euros per share. The holding had announced on Tuesday the sale of up to 16.3 million shares, equal to a 2.5% stake, through an accelerated bookbuilding procedure.MEDIAItaly's advertising spending grew 2.2% in April, research agency Nielsen said on Tuesday.JUVENTUS MIL:JUVE, LAZIO MIL:SSL Italy plans to remove a ban on Italy's Serie A top flight soccer league selling its domestic broadcast rights to a single buyer, a draft government bill seen by Reuters showed, marking a major overhaul of media rules for live sports events.DIARYUniCredit MIL:UCG CEO Andrea Orcel gives speech at Goldman Sachs "29th European Financials Conference" in Berlin (0645 GMT).Rome, Parliamentary Budget Office (U...