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Italy - Factors to watch on Sept. 5
Italy - Factors to watch on Sept. 5
About this update from Saipem S.p.a.
The following factors could affect Italian markets on Friday.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 .POLITICS Italy is seeking guarantees on fuel supply security from the Azeri government if the founding family of Italiana Petroli agrees a sale to Azerbaijan's state energy company SOCAR, two sources said on Thursday.ECONOMYISTAT releases July retail sales data (0800 GMT).Bank of Italy releases August data on Target 2 liabilities and European Central Bank funding to Italian banks.DEBTTreasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on Sept. 10.COMPANIESFASHIONDesigner Giorgio Armani, who helped to put Italy at the forefront of global fashion and dressed Hollywood stars, died at the age of 91, the company that he founded and led for five decades said on Thursday.MEDIOBANCA MIL:MB, BANCA MONTE DEI PASCHI (MPS) MIL:BMPS MPS has secured 40.43% of Mediobanca's share capital, bourse data showed on Thursday.MEDIOBANCA, BANCA GENERALI MIL:BGN Fitch said on Thursday it had revised Mediobanca's Rating Watch to 'Negative' from 'Evolving' following the rejection of the takeover bid for Banca Generali by Mediobanca's shareholders.UNICREDIT MIL:UCG UniCredit respects German opposition to a full takeover of Commerzbank XETR:CBK, but shareholders would have the last word on any potential deal, the Italian bank's chief executive Andrea Orcel said on Thursday.MFE-MEDIAFOREUROPE MIL:MFEA The TV group controlled by Italy's Berlusconi family said on Thursday it secured more than 75% of German peer ProSiebenSat.1 XETR:PSM following a takeover that sets it up to become Europe's largest free-to-air broadcaster.POSTE ITALIANE MIL:PST, TIM MIL:TITThe state-backed postal services group said on Thursday the Italian antitrust authority has granted unconditional green light for Poste Italiane MIL:PST to acquire an additional 15% in Telecom Italia, bringing the total holding in the former phone monopoly to 24.8%.(*) SAIPEM (SPM.MI) The merger between the Italian oilfield services company and the Luxembourg-based subsea engineering firm Subsea 7 OSL:SUBC can be only finalised if the new merged entity is listed in Oslo and antitrust requirements do not exceed a value of 500 million euros ($585.35 million), daily MF rep...