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 .
ECONOMY
Bank of Italy releases August data on public finances, state borrowing and debt.
(*) The Treasury on Tuesday signed off the draft budget, which targets Rome's deficit to fall to 2.8% of national output in 2026 from an estimated 3% this year, and it will now be sent to the European Commission for approval.
Tax cuts and other expansionary measures over the next three years will average around 18 billion euros per year, the Treasury said, to be funded by spending curbs and increases in revenues from various sources.
(*) Italy, whose sovereign assets from bonds to banks have so often been the subject of market crises in recent years, is currently enjoying a windfall as the central bank's vast gold reserves track record-high prices.
COMPANIES
STELLANTIS MIL:STLAM
The automaker announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years.
BANKS, INSURANCE COMPANIES
Italy will garner resources from its banks and insurers to help fund its 2026-2028 budget, the Treasury said on Tuesday after the cabinet signed off on the draft package.
Political sources said the financial sector would be called upon to contribute to state coffers with total resources worth between 4.5 and 5 billion euros ($5.80 billion) spread over several years.
(*) GENERALI MIL:G
Private equity fund Apax Partners has instructed advisors UBS and Nomura to explore potential buyers for life insurance group GamaLife, MF reported on Wednesday adding that Generali is interested in the Portuguese operations of the company, which would include the bancassurance partnership with Novo Banco.
The deal would involve nearly 9 billion euros in life insurance policies across Italy and Portugal, and could be valued at around 600 million euros, MF added.
SNAM MIL:SRG
Spanish gas grid operator Enagas is in talks to acquire Singaporean sovereign wealth fund GIC's 32% stake in Terega, France's second-largest gas transmission operator, according to a Reuters exclusive. Snam is Terega's leading shareholder, with a 40.5% stake.
(*) ELES MIL:ELES, MARE MIL:MARE
The semiconductor equipment group said on Tuesday that the takeover bid for the company by Mare Engineering was not agreed and must therefore be considered hostile.
TELECOMS
Bouygues Telecom, Free-iliad Group and Orange said on Tuesday they had submitted a non-binding offer to acquire a large part of Altice's activities in France for a total enterprise value of 17 billion euros.
LUXURY
French luxury group LVMH EURONEXT:MC on Tuesday named Maria Grazia Chiuri, the former Dior women's designer, as the new creative director of Italian fashion label Fendi, with a first collection to be presented in February.
(*) M&A, TELEPASS
Private equity groups Warburg Pincus, Bain, Stonepeak and Advent, Dutch pension investment company Apg and toll payment company Via Verde are among those interested in the sale of a 49% stake in motorway and parking services group Telepass by Swiss fund Partners Group SIX:PGHN, MF reported on Wednesday.
DIARY
Economy Minister Giancarlo Giorgetti and Bank of Italy Governor Fabio Panetta attend FMI/WB-G20/G7 annual meetings in Washington (to October 17).
Rome, Prime Minister Giorgia Meloni and King Abdullah of Jordan co-host meeting of the Aqaba Process on countering terrorism and extremism, focusing on West Africa (0800 GMT).
Rome, Foreign Minister Antonio Tajani addresses Chamber of Deputies (0700 GMT) and the Senate (0900 GMT) on the situation in Gaza.
Rome, Revenue Agency Director Vincenzo Carbone addresses Supervisory Committee on the tax registry (0630 GMT).
Rome, Industry Ministry chairs meeting on the Italian fashion industry, to discuss the challenges of ultra fast fashion and of recent cases of alleged worker exploitation in the supply chain (0800 GMT).
Rome, farmers lobby Coldiretti and The European House Ambrosetti end 23rd edition "International Forum on Agriculture and Food" (0730 GMT); on Wednesday expected attendees include ENI MIL:ENI CEO Claudio Descalzi.
Rome, Poste Italiane MIL:PST Chairwoman Silvia Maria Rovere as Consorzio ELIS President presents the semester project "Talent Generation" at 'ELIS CEO Meeting' (0830 GMT).
Cernobbio, 'ComoLake' conference "Digital Innovation Forum" continues (0700 GMT); ends on October 17. On Wednesday expected attendees include state railways Ferrovie dello Stato (FS) CEO Stefano Antonio Donnarumma, Enel MIL:ENEL CEO Flavio Cattaneo.
Naples, conference "Stop Piracy – European cooperation to combat piracy" (0730 GMT); expected attendees include communication Authority AGCOM President Giacomo Lasorella, Telecom Italia (TIM) MIL:TIT CEO Pietro Labriola, soccer league Serie A CEO Luigi De Siervo.
((Milan newsroom, e-mail: ))
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