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Italy - Factors to watch on Sept. 9
Italy - Factors to watch on Sept. 9
About this update from Snam S.p.a.
The following factors could affect Italian markets on Tuesday.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 .ECONOMYBank of Italy releases July data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.DEBTItaly's Treasury said on Monday it would sell up to4.75 billion euros over two bonds at an auction on September 11. COMPANIESSTELLANTIS MIL:STLAM, FERRARI MIL:RACE Stellantis and Ferrari Chairman John Elkann has agreed to do a year of community service and pay a negotiated sum to settle a tax dispute over the inheritance from his grandmother, Italian prosecutors said on Monday. MEDIOBANCA MIL:MB, BANCA MPS MIL:BMPSMonte dei Paschi di Siena has secured 62% of Mediobanca, bourse data showed on Monday, paving the way for a shake-up at the bid target where long-standing CEO Alberto Nagel is preparing to step down.(*) Mediobanca said on Tuesday that shareholders part of a consultation pact, holding a total stake of 5.97%, unanimously decided to terminate the agreement, effective immediately. (*) Nagel, who is expected to resign from his position as CEO of Mediobanca, could join Italian boutique investment bank Equita MIL:EQUI, il Fatto Quotidiano reported on TuesdayBANCA IFIS MIL:IF-ILLIMITY BANK (ILTY.MI)Squeeze-out procedure on illimity Bank (ILTY.MI) shares continues; ends on Sept. 12.(*) LEONARDO MIL:LDO Barclays said on Tuesday it initiated coverage of the aerospace and defence group with an "equal-weight" rating and a target price of 51 euros. DIARYMilan, "Gastech Exhibition & Conference 2025" starts; ends on Sept. 12. On Tuesday expected attendees include U.S. Interior Secretary Dough Burgum, Hungary Foreign Minister Peter Szijjarto, Morocco Energy Transition and Sustainable Development Minister Leila Benali, Nigeria Oil Resources (Gas) Minister Ekperikpe Ekpo, Eni MIL:ENI CEO Claudio Descalzi, TotalEnergies EURONEXT:TTE Chairman and CEO Patrick Pouyanne, Hydrogen Council CEO Ivana Jemelkova, International Energy Agency (IEA) Executive Director Fatih Birol, national agency for technologies, energy and environment ENEA Director General Giorgio Graditi, Shell LSE:SHEL CEO Wael Sawan, Snam MIL:SRG CEO Agostino Scornajenchi, Federal Energy Regulatory Co...