Saipem S.p.a.MIL: SPM

Italy - Factors to watch on October 6

· Issued by Saipem 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 .

ECONOMY

Rome is working closely with the European Commission to press the United States to reconsider an additional anti-dumping tariff on pasta imports which would effectively double their price, the Italian foreign ministry said.

COMPANIES

BANCA MONTE DEI PASCHI DI SIENA (MPS) MIL:BMPS, MEDIOBANCA MIL:MB, BANCO BPM MIL:BAMI

The Economy Ministry held a 4.9% stake in the Tuscan bank after its bid for Mediobanca ended on September 29, a filing by Italy's market watchdog showed on Friday. The Del Vecchio family and billionaire Francesco Caltagirone held respectively 17.5% and 10.3% in the state-bank lender, the same filing showed.

After an initial meeting in Siena last week between the managers of the two banks, a new one is scheduled for Wednesday in Milan, to discuss the reorganisation of the business of the lenders, Corriere della Sera reported on Sunday.

The plan is to integrate Mediobanca's "industrialised" activities, such as Compass' consumer credit and Premier asset management, with those of MPS, with the aim of expanding abroad, the report added. In addition, the idea is to double the value of Mediobanca's private banking assets, currently worth about 31 billion euros, Corriere della Sera added.

(*) GENERALI MIL:G

The three largest shareholders in MPS, which in turn holds a 13% stake in Generali, aim to renew the newly-formed board of the insurer, Corriere della Sera's L'Economia supplement on Monday reported, adding, however, that CEO Philippe Donnet and Chairman Andrea Sironi have no intention of resigning.

ANIMA MIL:ANIM

The asset manager said on Friday Chief Executive and Director General Alessandro Melzi d'Eril was stepping down. The top manager has been proposed as the new CEO of Mediobanca by Monte dei Paschi.

Pierluigi Giverso, Anima's joint general manager and chief business officer, would be "the most natural" choice as new CEO, Corriere della Sera reported on Saturday.

The fund manager is scheduled to hold a board meeting on Monday.

STELLANTIS MIL:STLAM

The French-Italian-American automaker is planning to invest about $10 billion in the United States, Bloomberg News reported on Saturday, citing people familiar with the situation.

"As part of the preparations for the Company's strategy update and Capital Markets Day next year, the CEO is leading a thorough evaluation of all future investments. This process is ongoing," a Stellantis spokesperson said in a statement to Reuters. The spokesperson did not elaborate.

ENI MIL:ENI

The North African branch of the Italian energy company has resumed its exploration drilling in an offshore area northwest of Libya after a five-year hiatus, the Libyan state-run National Oil Corporation (NOC) said on Sunday.

SAIPEM MIL:SPM

JP Morgan held a 5.05% stake in the energy contractor as of September 30, of which 0.4% with voting rights, a market watchdog filing showed on Friday.

(*) ERG MIL:ERG

The renewable energy company will lift its installed capacity to 4.2 GW in 2026 from 3.8 GW at end-2024, backed by about 1 billion euros of investments, chairman Edoardo Garrone told Corriere della Sera's L'Economia Monday supplement. He confirmed the company's 2025 guidance of a core profit of 540–600 million euros and a net debt of 1.85–1.95 billion euros.

LEONARDO MIL:LDO

The Italian defence group is targeting higher helicopter sales as "It is a market that we see growing, both on the civilian and military sides. It is a favourable situation that we are trying to exploit as best as we can," Gian Piero Cutillo, managing director of the group's helicopter business, was quoted as saying by Milano Finanza on Saturday.

M&A, TELEPASS

Swiss fund Partners Group SIX:PGHN is ready to sell its 49% stake in motorway and parking services group Telepass, with EQT OMXSTO:EQT, Brookfield NYSE:BN and Advent among potential buyers, Corriere della Sera daily reported on Saturday.

LAZIO MIL:SSL

Lazio drew 3-3 at home with Torino on Saturday.

JUVENTUS MIL:JUVE

AC Milan's Christian Pulisic missed a penalty and his side had to settle for a 0-0 draw away to Juventus on Sunday, denying the visitors a return to the top of the Serie A standings.

DIARY

Rome, President Sergio Mattarella meets Lithuania's President Gitanas Nauseda (1000 GMT).

Rome, Sharing Mobility conference (starts at 0800 GMT), Energy Minister Gilberto Pichetto Fratin expected to send a video message.

((Milan newsroom, e-mail: ))

For Italian market data and news, click on codes in

brackets:

20 biggest gainers (in percentage)(.PG.MI)20 biggest losers (in percentage)(.PL.MI)

FTSE IT allshare index FTSE:ITLMS

  • FTSE Mib index
  • .FTMIB

FTSE Allstars index... FTSE:ITSTAR

FTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)Stories on Italy (IT-LEN)

For pan-European market data and news, click on codes in

brackets:

European Equities speed guide(EUR/EQUITY) FTSEurofirst 300 indexFTSE:E3X DJ STOXX indexTVC:SXXP Top 10 STOXX sectors(.PGL.STOXXS) Top 10 EUROSTOXX sectors(.PGL.STOXXES) Top 10 Eurofirst 300 sectors(.PGL.FTEU3S) Top 25 European pct gainers(.PG.PEUR) Top 25 European pct losers(.PL.PEUR)

Main stock markets:

Dow JonesDJ:DJI Wall Street report Nikkei 225TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAXXETR:DAX Frankfurt market stories CAC-40EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report: