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Italy - Factors to watch on May 29

· Issued by Plenitude Bhd.

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 .

POLITICS

Giorgia Meloni will host French President Emmanuel Macron for talks in Rome on June 3, the prime minister's office said on Wednesday.

Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on "golden power" conditions the government has tied to UniCredit's MIL:UCG bid for smaller bank Banco BPM MIL:BAMI.

ECONOMY

ISTAT releases May consumer and business confidence data (0800 GMT); April non-EU foreign trade data (0900 GMT); March industry sales data (1000 GMT).

DEBT

Italy raised 2.14 billion euros ($2.42 billion) with its latest 7-year inflation-linked BTP bond on Wednesday, Milan bourse data showed, taking total orders to 5.28 billion euros in the first two days of its offering. (IT000564824=MI)

Retail offer for the bond due June 4, 2032 continues on Thursday. On May 30 the offer is reserved for institutional investors.

Treasury sells up to 10 billion euros in two BTP bonds due July 1, 2030 and Oct. 1, 2035 and new CCTeu bonds due April 15, 2034. Subscriptions close at 0900 GMT.

COMPANIES

ENI MIL:ENI

(*) The Italian energy group's board is expected to approve on Thursday the acquisition of Acea's MIL:ACE retail unit by its renewable and retail business Plenitude, MF reported.

The Italian major said on Wednesday it had signed a Memorandum of Understanding (MoU) with Cote d'Ivoire's Ministry of Agriculture to cooperate on producing vegetable oil for bio-refining use in agricultural and agro-industrial sectors.

GENERALI MIL:G

(*) Italy's leading insurer may be slowing down on the asset management deal with BPCE's Natixis to focus on the offer Mediobanca MIL:MB launched on its subsidiary Banca Generali MIL:BGN, Il Sole 24 Ore reported on Thursday.

Rating credit agency Moody's raised on Wednesday its outlook on Italy's biggest insurer to "positive" from "stable" following a similar move on Italy's outlook on May 23.

(*) BPER MIL:BPE

Italy's fourth-largest bank said on Wednesday that the European Central Bank (ECB) had approved its acquisition of a controlling interest in smaller rival Banca Popolare di Sondrio MIL:BPSO.

(*) ITALGAS MIL:IG

Europe's biggest gas distributor said on Wednesday it had set the price for its 1.02 billion euro right issue to fund the acquisition of rival 2i Rete Gas at 5.026 euros per share. The price represents a 24.82% discount from the theoretical ex right price (TERP) based on Wednesday's closing price.

(*) DE LONGHI MIL:DLG

Barclays raised on Thursday its rating on the stock to 'Equal-weight' from 'Underweight' and raised the target price to 30 euros from 23 euros.

IPO

Italian luxury sneaker maker Golden Goose still sees a market listing as an excellent opportunity but rules out an initial public offering this year and is leaving the door open to M&A options, its CEO told Reuters on Wednesday.

DIARY

Prime Minister Giorgia Meloni continues mission in Astana (Kazakhstan) and attends the "Central Asia-Italy" summit; trip ends on May 30.

Stellantis MIL:STLAM CFO Doug Ostermann attends "Bernstein's 41st Annual Strategic Decisions Conference" in Amsterdam (1930 GMT).

Rome, market regulator CONSOB President Paolo Savona addresses Senate Banks Committee (1000 GMT).

Rome, event on "Artificial Intelligence, Italian ingenuity. The AI suite for the evolution of companies and Public Administration"; Fastweb+Vodafone CEO Walter Renna delivers opening address (0830 GMT).

Milan, Edison MIL:EDNR holds news conference "Future in progress, today's choices, tomorrow's energy" with CEO Nicola Monti, CFO Ronan Lory (0900 GMT).

Genoa, 16th edition 'Labour festival' on "Ethics and sustainability at work. Skills, dignity, inclusion in the age of artificial intelligence" starts (1030 GMT); ends on May 31. On Thursday expected attendees include EU Commission Vice President Raffaele Fitto (via videolink), tax revenue 'Agenzia delle Entrate' Director Vincenzo Carbone, Industry Minister Adolfo Urso (via videolink), Justice Deputy Minister Francesco Paolo Sisto.

Naples, Industry Minister Adolfo Urso attends trade unions FIM-CISL national congress (0900 GMT).

((Milan newsroom, e-mail: ))

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