Italy - Factors to watch on June 26

About this update from Infrastrutture Wireless Italiane S.p.a.

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 . POLITICS New 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. DEBT Treasury 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:UCG According 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:BMPS The 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:STLAM The 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:LDO Turkish 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 group's payments business Postepay, Laura Furlan, is set to become CEO of the group's insurance arm Poste Vita, MF daily wrote on Thursday. (*) TELECOM ITALIA MIL:TIT Berenberg initiated coverage with a 'buy' rating and a price target of 0.52 euros. (*) INWIT MIL:INW Berenberg resumes coverage with a 'buy' rating and a price target of 12.30 euros. (*) ILLIMITY (ILTY.MI), BANCA IFIS MIL:IF The shareholders participating in the consultation agreement concerning approximately 27.2% of the share capital have communicated the termination of the agreement by mutual consent, after Banca Ifis on Thursday promised a 5% per share cash premium if subscriptions for its bid for illimity go above 90%. (*) TERNA MIL:TRN The Italian electricity grid operator established a new Euro Medium Term Note Programme (EMTN) worth 4 billion euros and updated its existing 12-billion-euro EMTN, a statement said on Wednesday. A2A MIL:A2A The Italian utility and French tech firm Qarnot inaugurated a data centre in Italy on Wednesday that aims to capture waste heat from computer servers and channel it directly into a local heating grid. ALERION CLEAN POWER MIL:ARN Presents industrial plan with Chairman and CEO Josef Gostner (0900 GMT). DIARY Prime Minister Giorgia Meloni attends European Council meeting in Brussels (to June 27). Economy Minister Giancarlo Giorgetti attends "IMF and World Bank Constituency Meeting" in U.S. (to June 27). Rome, Giorgetti attends state auditor hearing on state accounts for the financial year 2024 (0900 GMT). Rome, Economy Ministry Director General for banking and the financial system Stefano Cappiello addresses Senate Banks Committee (1130 GMT). Rome, Senate holds 'question time' session with Industry Minister Adolfo Urso (1300 GMT). Rome, general meeting on 'Cleantech' (0800 GMT); expected attendees include Industry Minister Adolfo Urso, Energy and Sustainable Economic Development (ENEA) Director General ENEA Giorgio Graditi, European Investment Bank Vice President Gelsomina Vigliotti, Invitalia CEO Bernardo Mattarella, steel industry body Federacciai President Antonio Gozzi, Fincantieri MIL:FCT Chairman Biagio Mazzotta. Rome, Industry Minister Adolfo Urso attends event "The Italian power generation chain. An extraordinary means of competitive strength" (1600 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 index FTSE:E3X DJ STOXX index TVC: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 Jones DJ:DJI Wall Street report Nikkei 225 TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAX XETR:DAX Frankfurt market stories CAC-40 EURONEXT: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:

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