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Italy - Factors to watch on May 14
Italy - Factors to watch on May 14
About this update from Snam 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 .COMPANIES(*) STELLANTIS MIL:STLAMIn Italy, China's BYD could be looking at the Franco-Italian group's sites of Cassino and Mirafiori, MF reported on Thursday, after Bloomberg on Wednesday reported comments by BYD Executive Vice President Stella Li on the group's interest in the acquisition of underused car plants in Europe.(*) MONTE DEI PASCHI (MPS), BANCO BPM MIL:BAMIItalian businessman Francesco Gaetano Caltagirone told daily Corriere della Sera in an interview published on Thursday that merging MPS and Banco BPM could weaken the historic Tuscan bank and pose a risk for Italian savings.(*) MONTE DEI PASCHI, GENERALI MIL:GMonte dei Paschi di Siena's second-largest shareholder, Francesco Gaetano Caltagirone, told daily Corriere della Sera in an interview published on Thursday that the Italian lender should not sell its stake in Italy's top insurer Generali.(*) M&A/ BANKING SECTORThe number of parties interested in Banca del Mezzogiorno (BdM), formerly Popolare di Bari, is growing ahead of a deadline to file expressions of interest for its privatisation, MF reported on Thursday. The report added that on top of Iccrea with Popolare di Puglia e Basilicata, Credem MIL:CE and Credit Agricole EURONEXT:ACA, UniCredit MIL:UCG could also be interested, while Banco BPM and Cassa Centrale are keeping an eye on the deal though denying interest in it.SNAM MIL:SRGItaly's gas grid operator aims to complete the sale of its biomethane unit by the end of the year, one of its executives said in a post-results call on Wednesday.MFE-MEDIAFOREUROPE MIL:MFEAThe media group controlled by Italy's Berlusconi family posted a positive EBIT of 13.6 million euros in Q1, from a pro forma EBIT loss of 50.1 million euros a year earlier, attributing the turnaround to cost cuts and efficiencies.M&A/INFRASTRUCTURE SECTORItalian state investor CDP Equity is buying a stake in 2i Aeroporti - which manages six airports including Milan, Naples, and Turin and holds stakes in the Olbia and Alghero airports - from Spain's Asterion and Italy's F2i, the Italian infrastructure fund said on Wednesday. Following the deal, F2i will own 50.1% (down from 51%) of 2i Aerop...