Banca Mediolanum Spa MIL:BMED

Italy - Factors to watch on Sept. 8

Published

Source: TradingView

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

Italy's economy will likely grow by 0.6% this year, in line with the government's target, Economy Minister Giancarlo Giorgetti said on Sunday.

ENERGY

Italy could fail to meet carbon emission reduction targets agreed at the European Union level due to delays in key green transition areas, including renewable power generation and energy storage systems, a study showed on Saturday.

Gas storage levels in Europe are "good", Italian Energy Minister Gilberto Pichetto Fratin said on Saturday, adding that his own country was close to the 90% target set by the European Union.

DEBT

Treasury announces sale of BTP bonds, with relative amounts to be auctioned on Sept. 11.

Italy's Treasury said on Friday it would sell 9 billion euros in BOT bills at th auction of September 10

COMPANIES

STELLANTIS MIL:STLAM

The new chief executive of carmaker Stellantis, Antonio Filosa, has urged the European Union to show flexibility on the transition to electric vehicles in order to protect the auto industry.

(*) Italian Industry Minister Adolfo Urso is expected to meet Filosa on Monday to discuss Stellantis' investment plans in Italy.

Government subsidies for electric cars, initially expected to be made available in late September, could be delayed by a month or a month and a half, Italian Energy Minister Gilberto Pichetto Fratin told news agency Ansa on Saturday.

Chrysler owner Stellantis is recalling 91,787 Jeep Grand Cherokee vehicles in the U.S. due to a software error within the hybrid control processor, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday. The error may result in a loss of drive power, it added.

BANCO BPM MIL:BAMI

In a tie-up between Banco BPM and the Italian unit of Credit Agricole, the French bank could end up holding a 35% stake in BPM if the latter bought Credit Agricole Italia at a valuation of 5.5 billion euros, and paid for it in part through shares in Anima and its stake in their Agos Ducato consumer credit joint-venture, la Repubblica reported on Saturday.

The paper said it would be difficult to limit the stake further and it remained to be seen whether the Italian government would approve the deal.

BANCA MONTE PASCHI DI SIENA MIL:BMPS, MEDIOBANCA MIL:MB

MPS has secured 45.8% of Mediobanca's share capital, bourse data showed on Friday, from 40.4% of the previous day.

Ends full voluntary takeover offer on Mediobanca ordinary shares (started on July 14).

BANCA MEDIOLANUM MIL:BMED

The Italian asset manager plans to expand its presence in Spain, aiming to have at least 25% of its total assets under management in the country, General Manager Igor Garzesi was quoted as saying by Il Sole 24 Ore on Saturday. Banca Mediolanum is not pursuing growth through acquisitions, he added.

ENEL MIL:ENEL

Energy Minister Gilberto Pichetto Fratin said on Saturday Italy was not ready to dismantle coal-fired plants in continental Italy by year-end, as previously planned, singling out Enel plants in Civitavecchia and Brindisi.

EDISON MIL:EDNR

The Italian energy group is ready to be listed back on the Milan bourse if its parent company, French utility EDF, so decides, Edison's chief executive said on Saturday.

BANCA IFIS MIL:IF-ILLIMITY BANK (ILTY.MI)

Squeeze-out procedure on illimity Bank shares starts; ends on Sept. 12.

M&A, MARCOLIN

California-based VSP Vision, the owner of eyeglasses manufacturer Marchon, has agreed to buy Italian spectacles maker Marcolin from private equity firm PAI Partners, the two eyewear groups said on Friday.

DIARY

Milan, conference on "Competitiveness and new global challenges: clean industrial deal, strategic autonomy and tariffs" (1230 GMT); expected attendees include A2A MIL:A2A Chairman Roberto Tasca, Pirelli MIL:PIRC Executive Vice President and CEO Marco Tronchetti Provera, A2A CEO Renato Mazzoncini, Foreign Minister Antonio Tajani.

Private funeral ceremony for Italian fashion designer Giorgio Armani.

((Milan newsroom, e-mail: ))

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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)

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