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Italy - Factors to watch on October 27
Italy - Factors to watch on October 27
About this update from Terna S.p.a.
The following factors could affect Italian markets on Monday.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 announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on October 30.The Treasury said on Friday it would sell 4 billion euros on BOT bills at an October 29 auction. Italian small savers showed healthy appetite for a retail bond offered by the Treasury last week, boosting Rome's efforts to manage its huge debt pile. The Treasury raised 16.6 billion euros from a seven-year "BTP Valore" bond, Bourse data showed.COMPANIES WEBUILD MIL:WBD Italy's Court of Auditors will hold a hearing on October 29, to assess the government's decision to build a bridge connecting Sicily to the mainland, the Messina Strait Company said on Friday.Pietro Ciucci, CEO of the company leading a 13.5-billion-euro international consortium project, said he was confident about the hearing's positive outcome.(*) Meloni's 13.5 billion euros bridge to Sicily hit resistance from auditors court, the Financial Times reported on Monday. UNICREDIT MIL:UCG The EU Commissioner for Financial Services, asked on Friday about German resistance to UniCredit's attempts to take over Commerzbank XETR:CBK, lamented obstacles to the creation of larger European banks.BPER BANCA MIL:BPEAsked if the derivatives position the bank took on 9.99% of its own capital is a defensive move against UniCredit, BPER CEO Gianni Franco Papa told Sunday's Corriere della Sera the transaction sent "a strong signal of the confidence we have in the future prospects of our group.".MONTE DEI PASCHI DI SIENA MIL:BMPSAs the Tuscan bank's board comes up for renewal in April, shareholder Francesco Gaetano Caltagirone would like to replace CEO Luigi Lovaglio while leading investor Delfin and Italy's Treasury favour reappointing him, daily la Repubblica reported on Sunday.LEONARDO MIL:LDO Driven to the brink by Elon Musk's SpaceX, Europe's biggest satellite firms, including Italy's Leonardo, are setting aside longtime rivalries in a do-or-die $7 billion merger that some insiders are already calling Project FOMO.STELLANTIS MIL:STLAMThe U.S. National Highway Traffic Safety Administration on Saturday said it has opened a probe into about 232,209 Chrysler 2020 model year J...