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Italy - Factors to watch on Sept. 11
Italy - Factors to watch on Sept. 11
About this update from Saipem S.p.a.
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 .POLITICSItalian Prime Minister Giorgia Meloni hailed her country's "excellent" relationship with India in a phone call on Wednesday with her counterpart Narendra Modi, making no mention of U.S. requests for the EU to impose tariffs of up to 100% on Indian imports.DEBTTreasury sells BTP bonds. Subscriptions close at 0900 GMT.COMPANIESSTELLANTIS MIL:STLAMThe carmaker agreed on Wednesday to sell its Italian VM Motori engine making unit to a group of Italian investors who also control engine part maker Marval.(*) The carmaker on Wednesday welcomed European Commission President Ursula von der Leyen's call for a "small affordable cars" initiative. "President von der Leyen’s initiative is both visionary and urgent. Now it’s time to turn ambition into action," the group said in statement. It added that the EU needed to "adjust the regulatory bias toward large battery electric vehicles and reward the ones with a smaller footprint" as well as "cut unnecessary (regulation) to improve affordability without compromising safety and connectivity."MEDIOBANCA MIL:MB, MONTE DEI PASCHI (MPS) MIL:BMPSThe general manager of Mediobanca said the take-up in Monte dei Paschi di Siena's bid for the merchant bank would reach 80%, making a merger of the two groups inevitable, as he sought to reassure staff on a conference call.An Italian court on Wednesday rejected an appeal by Mediobanca investor Bluebell Partners against Consob's approval of Monte dei Paschi's capital increase, which was required for its offer for the merchant bank.BANCO BPM MIL:BAMIItaly would focus on protecting small business lending and domestic savings in a tie-up between Banco BPM and the local arm of French Credit Agricole EURONEXT:ACA, the head of the lower house's finance committee said, adding a bank's nationality was not an issue in itself.BANCA IFIS MIL:IF-ILLIMITY BANK (ILTY.MI)Squeeze-out procedure on illimity Bank shares continues; ends on Sept. 12.EDISON MIL:EDNRThe Italian gas and electric utility plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday.AVIO MIL:AV...