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Italy - Factors to watch on May 14
Italy - Factors to watch on May 14
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 .COMPANIESUNICREDIT MIL:UCG, BANCO BPM MIL:BAMIAn initial, procedural meeting between UniCredit and government officials in charge of 'golden powers' is due to take place on May 15, sources told Reuters on Tuesday. UniCredit has raised objections to the government's decision to impose conditions to the Banco BPM deal. STELLANTIS MIL:STLAMThe Franco-Italian carmaker will next month update a plan to revive its vehicle production in Italy it presented at the end of last year, the automaker's chief of European operations said on Tuesday. Stellantis has suspended a contested plan to overhaul the legal structures of its dealership network in Europe, its chief for the region said on Tuesday, as the carmaker also prepares to update a plan to revive vehicle production in Italy.TELECOM ITALIA (TIM) MIL:TITItaly's biggest phone group is considering adding insurance, digital payments and energy to its business as described in its bylaws ahead of expanding the offering of those services, two sources told Reuters on Tuesday.MFE-MEDIAFOREUROPE MIL:MFEAThe TV broadcaster controlled by Berlusconi family will press ahead with plans to strengthen its role as leading investor in ProSiebenSat.1 XETR:PSM, a source close to the company said on Tuesday, after Czech investment group PPF said it would raise its stake in the German broadcaster.(*) The La Stampa and Il Giornale newspapers reported on Wednesday that MFE is considering raising its offer for ProSiebenSat.1. (*) PRYSMIAN MIL:PRY The board has approved the potential issuance of perpetual subordinated securities of up to 1 billion euros ($1.12 billion) to fund its acquisition of U.S. connectivity device manufacturer Channell, the company said on Wednesday.INDUSTRIE DE NORA MIL:DNR(*) The Italian electrochemical group posted on Wednesday an 8.2% rise in its first-quarter adjusted core profit (EBITDA), that came in at 39.4 million euros ($44.09 million).Conference call on Q1 results (0700 GMT).ENI MIL:ENIAnnual and extraordinary shareholders' meetings (0800 GMT).SNAM MIL:SRGAnnual general meeting (0800 GMT).INWIT MIL:INW(*) General Manager Diego Galli said in an interview with Wednesday's...