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Italy - Factors to watch on May 6
Italy - Factors to watch on May 6
About this update from Snam S.p.a.
The following factors could affect Italian markets on Tuesday.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 .ECONOMYApril services PMI HCOB data (0745 GMT).DEBTItaly's Treasury said it planned to buy back five BTP bonds expiring next year in a transaction to be held on Wednesday, using the cash surplus it holds at the Bank of Italy.Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on May 9.COMPANIESMEDIOBANCA MIL:MB, BANCA GENERALI MIL:BGN, GENERALI MIL:GThe chairman of Generali, Andrea Sironi, told reporters on Monday he expected the board of the Italian insurer to discuss the bid by Mediobanca for Banca Generali at a meeting on May 7.UNICREDIT MIL:UCG, BANCO BPM MIL:BAMIItaly's government is unwilling to soften conditions imposed on the Italian lender's bid for Banco BPM, potentially prompting the bank to pull the deal, Bloomberg reported on Monday citing people familiar with the matter.Commerzbank XETR:CBK employee representatives are calling on staff to protest against a possible takeover by UniCredit, signalling that resistance to any deal remains fierce.SNAM MIL:SRGPresents "Innovation Plan" with CEO Stefano Venier (1300 GMT) in Milan; followed by press conference with CEO Stefano Venier and Chief Strategy and Technology Officer Claudio Farina (1500 GMT).STELLANTIS MIL:STLAMThe automaker Chairman John Elkann and Renault EURONEXT:RNO CEO Luca de Meo urged the European Union to adopt more favourable rules for small cars, warning that the declining profitability of small cars could force plant closures without changes.AMPLIFON MIL:AMPReleases Q1 result, followed by conference call (1300 GMT).BANCA POPOLARE DI SONDRIO MIL:BPSOReleases Q1 result, followed by conference call (1600 GMT).DIASORIN MIL:DIAReleases Q1 result, followed by conference call (1600 GMT).FERRARI NV MIL:RACEReleases Q1 result, followed by conference call (1300 GMT).INTESA SANPAOLO MIL:ISPReleases Q1 result, followed by conference call (1300 GMT).ANIMA HOLDING MIL:ANIM Releases Q1 result, followed by conference call (1400 GMT).EDISON MIL:EDNR Releases Q1 result.TENARIS MIL:TEN Annual and extraordinary shareholders' meeting (0800 GMT).DIARYForeign Minister Antonio Tajani and Croatian counterpart Gordan Grlic-Radman attend "C...