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
IT/DIA .
POLITICS
Former Italian prime minister Silvio Berlusconi pledged to
relaunch his Forza Italia party this year and force out the
centre-left government of Matteo Renzi, according to an
interview with daily Il Giornale on Saturday.
OECD releases November composite leading indicator (1100
GMT).
Bank of Italy releases December data on European Central
Bank funding to Italian banks.
DEBT
Italy's Treasury said on Friday it would sell up to 6.75
billion euros of BTPs at a mid-month auction on Jan.
13.
The European Commission is ready for a "further engagement"
with the Italian authorities on the planned reform of the
banking sector that includes a project to set up a bad bank to
help its lenders shed non performing loans, Corriere della Sera
said on Saturday.
COMPANIES
SNAM SRG.MI
Italian state lender CDP is considering whether to merge
Italy's two top gas distributors with joint assets of roughly 8
billion euros as the sector gears up for major reform, four
people familiar with the matter said. CDP controls Italy's
biggest gas distributor Italgas through gas grid operator
Snam.
The gas grid operator appointed former Eni executive Marco
Alvera as its new chief operating officer, it said on
Friday. ENI.MI , SAIPEM SPMI.MI
In a phone conversation with Russian President Vladimir
Putin, Italian Prime Minister Matteo Renzi has asked for Italy's
involvement in the North Stream II pipeline project, Corriere
della Sera and Il Sole 24 Ore said on Sunday. This collaboration
could involve Italian companies winning contracts to help build
the pipeline or taking a stake in the consortium working on the
project, the papers said, but added it was early days. Rome did
not confirm the news when contacted by Reuters.
In a letter to Renzi, unions warned about the impact on jobs
of a potential sale of Eni's chemical business Versalis to U.S.
investment firm SK Capital, according to Il Messaggero on
Sunday. A meeting between Eni, the unions and the government is
scheduled for Tuesday, the paper added.
INTESA SANPAOLO ISP.MI
The lender said it had raised $1.5 billion on the U.S.
market through a subordinated tier 2 benchmark bond
issue.
The bond issues attracted demand for 3.5 billion euros, Il
Sole 24 Ore said on Sunday, citing the bank's CFO.
BANCA ETRURIA PEL.MI , FOUR RESCUED BANKS
It cannot be excluded that some of the retail bondholders
who lost their savings after the rescue of four Italian banks
may be reimbursed in full, Claudio De Vincenti, an
undersecretary at the prime minister's office, told Corriere
della Sera in an interview. He added that more money could be
allocated to the compensation fund in future beyond the current
100 million euros.
The prosecutors in Rome are verifying whether market
regulator Consob had provided adequate supervision over the sale
of subordinated bonds of the four rescued banks, Il Sole 24 Ore
said on Saturday.
BRUNELLO CUCINELLI BCU.MI
Board meeting on preliminary FY results.
ENEL GREEN POWER EGPW.MI
Ordinary and extraordinary shareholders' meeting (0800 GMT).
ENEL ENEI.MI
Extraordinary shareholders' meeting (1600 GMT).
TELECOM ITALIA TLIT.MI
Fastweb plans to use Telecom Italia 's network to offer
mobile telephone services instead of that of 3 Italia as it
seeks to boost its offering, Il Sole 24 Ore said on Saturday.
After non-binding offers from Cellnex-F2i, Ei Towers and
American Tower for a 45 percent stake in Telecom Italia's tower
unit Inwit, a deal is expected by June, La Stampa said on
Saturday.
TOD'S TOD.MI
Proxy adviser Glass Lewis recommended that Tod's
shareholders vote in favour of a private placement of new shares
linked to Roger Vivier purchase. ITAI.MI , ITALMOBILIARE ITMI.MI
Italcementi will realise a capital gain of 140 million euros
from the sale of its non-cemment assets to Italmobiliare, Il
Messaggero said on Saturday.
HERA HRA.MI
Board meeting to approve new five-year industrial plan to
2019, followed by conference call presentation (1430 GMT).
TERNA TRN.MI
Expected to release December power consumption on Jan. 11 or
Jan. 12.
M&A
Britain's Schroders (L:SDR) has started talks with Italy's Banca
Leonardo regarding a possible "alliance", but it could still
take months to agree on a deal, Il Sole 24 Ore said on Sunday.
The paper adds that Schroders could buy 70 percent of Banca
Leonardo, while the remaining 30 pct would remain in the hands
of current shareholders.