Italy - Factors to watch on June 26

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The following factors could affect Italian markets on Thursday.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 .POLITICSNew NATO targets for higher defence and security spending are affordable for Italy as they give countries "total flexibility" on how to reach them, Prime Minister Giorgia Meloni said on Wednesday.DEBTTreasury sells 1.5 billion euros 12-month BOT bills due Oct. 14, 2025; 1.5 billion euros 6-month BOT bills due Nov. 28, 2025. Subscriptions close at 0900 GMT.COMPANIES(*) MEDIOBANCA MIL:MB, BANCA MONTE DEI PASCHI (MPS) MIL:BMPS, GENERALI MIL:G, UNICREDIT MIL:UCGAccording to MF daily, shareholders Delfin and Caltagirone will need a separate authorisation from the European Central Bank to go above 10% in MPS, which they would if, as expected, they were to back MPS' takeover bid for Mediobanca.(*) MEDIOBANCA MIL:MB, BANCA MONTE DEI PASCHI MIL:BMPS, BANCA MEDIOLANUM MIL:BMED The Doris family is considering selling its total 4.45% stake in Mediobanca, part of which is held through Banca Mediolanum, Il Sole 24 Ore reported on Thursday. The sale would need to be approved by Mediolanum's board, but there is no such item on the agenda for Thursday's meeting, the newspaper said. Banca Mediolanum told Il Sole that no decision has been made.(*) BANCA MONTE DEI PASCHI MIL:BMPSThe Tuscan bank's board meets on Thursday to approve the share issue for the Mediobanca bid and likely lower the minimum take-up threshold for the offer to be valid which is currently set at the 66.7% level.(*) FINCANTIERI MIL:FCT The Italian Navy has placed an order worth around 700 million euros for two new PPA Multipurpose Combat Ships, which are expected to be delivered in 2029 and 2030 respectively, the company said on Thursday.STELLANTIS MIL:STLAMThe Franco-Italian automaker has begun reviewing its long-term strategic plan, Antonio Filosa told staff on Wednesday, in his first public appearance since officially taking over as the new CEO. LEONARDO MIL:LDOTurkish President Tayyip Erdogan said on Wednesday he had held talks with Britain and Germany regarding Eurofighter jets, built by a consortium of defence companies including Italy's Leonardo, and there were "positive developments" on the issue.(*) POSTE ITALIANE MIL:PST The General Manager of the grou...

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