April 10, 2019 / 6:24 AM / 15 days ago

Italy - Factors to watch on April 10

MILAN, April 10 (Reuters) - The following factors could affect Italian markets on Wednesday.

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 cut its growth forecasts for this year and next on Tuesday while hiking the budget deficit and public debt, underscoring the economic woes faced by the populist ruling coalition .

ISTAT releases February industrial output (0800 GMT).

DEBT

Treasury sells 6.0 billion euros in new 12-month BOT bills. Subscriptions close at 0900 GMT.

(*) ASSICURAZIONI GENERALI

Italy's top insurer is vying with rivals Zurich, Allianz, Ageas and Mapfre to buy smaller Portuguese competitor Seguradoras Unidas which has been put up for sale by U.S. fund Apollo, Il Sole 24 Ore reported citing the local press.

(*) GENERALI, INTESA SANPAOLO, CATTOLICA

The three companies are among insurers interested in investing in a 500 million euro infrastructure fund being set up by insurers' lobby ANIA, MF reported adding infrastructure fund F2i was in the running to manage the new fund.

TELECOM ITALIA

J.P. Morgan has raised its potential stake in Telecom Italia to 5.696 percent as of April 2, according to market filings.

The phone group said on Tuesday it had completed its debt refinancing for the year after issuing 1 billion euros of a six-year bond. The issue offers a 2.875 percent yield, well below Telecom Italia's average cost of debt which stood at around 4.4 percent at the end of December.

(*) ENEL

Franco Bassanini and Elisabetta Ripa are expected to be confirmed, respectively, as the chairman and CEO of fibre-optic group Open Fiber, Il Sole said after a meeting on Tuesday of the broadband joint-venture's shareholders Cassa Depositi e Prestiti and Enel.

(*) BANCA CARIGE

The three commissioners in charge of the troubled Italian bank flagged in a financial report "significant uncertainties" over Carige's ability to continue to operate in the near term unless it clinched a merger or managed to raise 630 million euros in capital or was rescued by the state through a precautionary recapitalization, Il Sole and Corriere della Sera .

Italy's depositor guarantee fund (FITD) considers "unavoidable" a conversion into equity of a hybrid bond it bought from Carige to prop up the bank though a repayment would be preferable, several newspapers reported quoting FITD Chairman Salvatore Maccarone.

(*) ASTALDI

French bank BNP Paribas has sued the struggling Italian builder for an alleged breach of a contract in Canada, complicating its rescue plan, Il Messaggero said.

(*) BANCA MEDIOLANUM

The Italian asset manager is considering selling its German subsidiary Gamax, MF reported citing Banca Mediolanum CEO Massimo Doris.

PIRELLI

Russian investment firm Concern Rossium had a potential stake in the Italian tyre-maker of 6.239 percent, according to market filings.

BANCO BPM

The Italian lender said on Tuesday it was considering issuing Additional Tier 1 bonds to optimize its capital structure.

FOPE

The company said on Tuesday the Cazzola family had launched the sale of a 5 percent stake via an accelerated bookbuilding procedure.

SITI B&T GROUP

The company said on Tuesday it had won a 37 million euro order in Pakistan to build a tile manufacturing plant that is set to nearly triple the production capacity of leading local player Master Tiles.

FINECOBANK

Annual and extraordinary shareholders' meetings (0800 GMT)

NET INSURANCE

Bond holders' meeting (1400 GMT)

Annual general meetings: IGD (0800 GMT), MASSIMO ZANETTI (0900 GMT).

Board meetings on FY results: INTEK GROUP, MAPS , SERI INDUSTRIAL.

DIARY

Rome, Prime Minister Giuseppe Conte receives South Sudan President Salva Kiir (0800 GMT).

Rome, celebration of 167th anniversary foundation of police body with Prime Minister Giuseppe Conte (0900 GMT); Deputy Prime Minister and Interior Minister Matteo Salvini.

Rome, Prime Minister Giuseppe Conte answers question at Chamber of Deputies (1300 GMT).

Rome, conference "Time to Venture, Let's Start this Train" organized by LVenture Group with CEO Luigi Capello, state lender Cassa Depositi e Prestiti CEO Fabrizio Palermo, European Investment Fund Pier Luigi Gilibert, Compagnia di Sanpaolo Chairman Francesco Profumo, CR Firenze Foundation Director General Gabriele Gori (0800 GMT).

Milan, Scenari Immobiliari presents "2019 Report on the Real Estate Market in Milan" with Mario Breglia, Risanamento Director General Davide Albertini Petroni, Hines Italian unit Managing Director Mario Abbadessa, Gabetti Property Solutions CEO Roberto Busso, Covivio CEO Alexei Dal Pastro (0800 GMT).

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:............................... (Reporting By Viviana Venturi)

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