Business
Italy - Factors to watch on May 28
Italy - Factors to watch on May 28
About this update from Technogym 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 .POLITICS, ECONOMYItaly's main business lobby Confindustria called on Tuesday for billions of euros of state aid to help firms cope with high energy costs and the prospect of U.S. trade tariffs.DEBTItaly raised 3.14 billion euros from its new 7-year inflation-linked BTP Italia bond, indicating solid demand on the first day of the offer, Milan bourse data showed on Tuesday. Retail offer for the bond due June 4, 2032 continues on Wednesday and ends on May 29, unless the Treasury opts for an early closure. On May 30 the offer is reserved for institutional investors.Treasury sells 6.5 billion euros 6-month BOT bills. Subscriptions close at 0900 GMT.COMPANIES(*) STELLANTIS MIL:STLAM The automaker has appointed Italian Antonio Filosa as its new chief executive, Stellantis said in a statement on Wednesday.PIRELLI MIL:PIRC The United States has warned Pirelli that sales of vehicles fitted with its data-collecting technology could be restricted due to concerns over the influence on the tyremaker of its Chinese investor, Bloomberg reported on Tuesday.(*) The Italian government has no intention of imposing new conditions on Pirelli's Chinese shareholder as part of its so-called "golden powers", La Repubblica daily reported on Wednesday, citing government coalition sources.UNICREDIT MIL:UCG, GENERALI MIL:G UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that his bank could make a play for Assicurazioni Generali, Italy's biggest insurer, in which it has recently acquired a 6.7% stake.(*) UNICREDIT MIL:UCG, BANCO BPM MIL:BAMI The government may slightly soften the "golden power" conditions it has set on the UniCredit-Banco BPM deal as regards to the request for UniCredit to keep the level of Banco BPM's loans in relation to deposits unchanged for five years, La Repubblica wrote on Wednesday, citing government sources. The paper also said the Forza Italia government party is insisting on changes to the request for UniCredit to halt operations in Russia, but Economy Minister Giancarlo Giorgetti is against any modifications.Three companies based in the United Arab Emirates have approached the Italian Treasury putting forward...