Saipem S.p.a.MIL: SPM

Italy - Factors to watch on May 22

· Issued by Saipem S.p.a.

The following factors could affect Italian markets on Thurs.

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 .

DEBT

Treasury details sale of BTP Short and BTPei bonds to be auctioned on May 27.

COMPANIES

UNICREDIT MIL:UCG, BANCO BPM MIL:BAMI

Italian market regulator Consob said it had granted UniCredit the 30-day suspension of its buyout bid for Banco BPM the bank had sought in response to conditions the government has imposed on the offer.

(*) GENERALI MIL:G

Italy's biggest insurer posted a higher profit for the first quarter, as it prepares to review a bid from its biggest investor Mediobanca MIL:MB to acquire the group's private banking unit Banca Generali MIL:BGN.

Conference call (1000 GMT).

(*) SAIPEM MIL:SPM

The merger deal with Norwegian peer Subsea7 OSL:SUBC could be signed around mid-year, Italian daily Milano Finanza reported on Thursday citing an analist report. In February, the two companies said the combination would create a leading European supplier of onshore and offshore energy services.

(*) TELECOM ITALIA MIL:TIT

Iliad is not in talks over a potential tie-up with Telecom Italia, the CEO of the French telecoms group, Thomas Reynaud, said in a conference call on Thursday.

MFE-MEDIAFOREUROPE MIL:MFEA

The TV group controlled by the Berlusconi family reported on Wednesday a sharp decline in first quarter operating profit as total sales fell dragged down by its lagging Spanish business.

BPER MIL:BPE, POPOLARE DI SONDRIO MIL:BPSO

The European Commission said on Wednesday it had cleared BPER Banca's exchange offer on Popolare di Sondrio.

(*) IFIS MIL:IF, ILLIMITY (ILTY.MI)

Italian lender Banca Sella said on Wednesday it would adhere to the exchange offer launched by Banca Ifis in January on illimity Bank. Banca Sella has a 10% share in the capital of the Italian digital bank.

ENEL MIL:ENEL

Annual and extraordinary shareholders' meetings (1200 GMT).

EXOR EURONEXT:EXO

Annual general meeting (1300 GMT).

DIARY

Foreign Minister Antonio Tajani attends "Italy-Mexico business forum" in Mexico City.

Economy Minister Giancarlo Giorgetti attends "G7 Finance Ministers and central bank governors meeting" in Banff, Canada.

Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin and EU Competition Commissioner Teresa Ribera Rodriguez hold news conference (1330 GMT).

Rome, European Affairs and National Recovery and Resilience Plan (NRRP) Minister Tommaso Foti addresses Senate on the overall use of PNRR funds (0800 GMT).

Rome, Industry Ministry holds final meeting to define the 'Programme Agreement' with Metinvest-Danieli for the relaunch of the Piombino steel plant.

Rome, event "Capital markets at the heart of national industrial policy to support the competitiveness of Made in Italy" (0740 GMT); expected attendees include Economy Undersecretary Federico Freni, Milan Stock Exchange CEO Fabrizio Testa, Banca Generali MIL:BGN CEO Gian Maria Mossa, Bank Insurance and Finance Association (FeBAF) President Fabio Cerchiai.

Trento, 20th edition of the 'Festival dell'Economia' "Risks and fatal choices. Europe at the crossroads" starts; ends on May 25. On Thursday expected attendees include European Investment Bank (EIB) Vice President Gelsomina Vigliotti, Pirelli MIL:PIRC Executive Vice Chairman Marco Tronchetti Provera, Stellantis MIL:STLAM Italian Country Manager Antonella Bruno, National Cybersecurity Agency's (ACN) Vice Director General Nunzia Ciardi, illycaffe Chairman Andrea Illy, Caltagirone Group MIL:CALT Chairman Francesco Gaetano Caltagirone.

Venice, Industry Minister Adolfo Urso attends inauguration ceremony of the 'House of Made in Italy' (1630 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 indexFTSE:E3X DJ STOXX indexTVC: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 JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT: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: