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Italy - Factors to watch on May 22
Italy - Factors to watch on May 22
About this update from 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 .DEBTTreasury details sale of BTP Short and BTPei bonds to be auctioned on May 27.COMPANIESUNICREDIT MIL:UCG, BANCO BPM MIL:BAMIItalian 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:GItaly'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:SPMThe 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:MFEAThe 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:BPSOThe 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:ENELAnnual and extraordinary shareholders' meetings (1200 GMT).EXOR EURONEXT:EXOAnnual general meeting (1300 GMT).DIARYForeign 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 ne...