July 9, 2019 / 6:55 AM / 3 months ago

Italy - Factors to watch on July 9

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 .

ECONOMY

ISTAT releases May retail sales data (0800 GMT).

Bank of Italy releases May data on bank lending and domestic government bond holdings at Italy-based banks.

DEBT

Italy's Treasury said on Monday it had hired Citigroup, Deutsche Bank, Goldman Sachs and UniCredit to top up its 2.80% March 2067 BTP bond via syndicate.

Italy's Treasury said on Monday it would offer up to 5.5 billion euros in 3-year and 7-year bonds on July 11.

UNICREDIT

Italy's biggest bank by assets sold its remaining 18.3% stake in online broker FinecoBank via accelerated book building at a price of 9.85 euros per share.

(*) Unicredit raised around 1,099 million euros from Fineco's sale and estimates an increase of approximately 30 basis points in the group CET1 capital ratio in 3Q 2019.

(*) The Italian bank is looking to hire an adviser to review its corporate structure to strengthen its European profile and improve funding conditions, a source familiar with the matter said.

Il Sole and il Messaggero reported that Unicredit aims to create a German holding company for all its foreign units. The new company should be controlled by the Italian parent that would remain listed in Milan.

(*) MEDIOBANCA

The Italian merchant bank is the best placed to buy asset manager Kairos Sgr, owned by Swiss financial company Julius Baer , Mf said.

(*) BANCA CARIGE (shares suspended from trading)

Italy is struggling to pull together a rescue plan for the troubled Genoa-based bank which needs to avoid a liquidation, two sources familiar with the matter said.

A draft of the bank rescue plan could be completed soon, Il Messaggero reported, adding that Italian Treasury, Bank of Italy and government officials would meet shortly to discuss it.

(*) MONCLER

The Italian fashion group is confident to meet 2019 market expectations, Chief Executive Remo Ruffini said in an inteview with Il Corriere.

MEDIASET

The board of directors of the Italian broadcaster will discuss on July 22 the request of hostile shareholder Vivendi of a new extraordinary shareholder meeting to revoke the resolution of a loyalty share scheme approved in April, a source close to the situation said on Monday.

(*) SALINI IMPREGILO, ASTALDI

State lender Cassa Depositi e Prestiti would hold a board meeting on Tuesday over the project aiming at creating a national construction champion involving Salini Impregilo and the troubled rival Astaldi, il Sole said.

STEFANEL (shares suspended) - An Italian court stated that the clothing group is insolvent, the company said on Monday.

ITALMOBILIARE

The holding company of entrepreneurial family Pesenti said on Monday it had sold its 9.5% stake in the U.S. spending management company Jaggaer to the private equity firm Cinven. The deal values Italmobiliare's stake in Jaggaer around 100 million dollars before taxes on capital gain and other adjustments, Italmobiliare added.

GIBUS

'Investor Day' (0930 GMT).

DIARY

Rome, Bank of Italy Governor Ignazio Visco gives speech at conference in honour of Carlo Azeglio Ciampi (0800 GMT).

Rome, Prime Minister Giuseppe Conte meets national trade union representatives (0800 GMT).

Rome, Prime Minister Giuseppe Conte meets Republic of Mozambique President Filipe Nyusi (1330 GMT).

Rome, Prime Minister Giuseppe Conte chairs discussion on Molise Region (1600 GMT).

Rome, Deputy Economy Minister Laura Castelli attends report presentation on municipalities by Ca' Foscari University (0800 GMT).

Rome, Cabinet Undersecretary Giancarlo Giorgetti attends presentation of "ReportCalcio 2019" (0930 GMT).

Rome, Foreign Affairs Minister Enzo Moavero Milanesi speaks before joined Senate and Chamber of Deputies EU Policy committees on outcomes of the extraordinary European Council June 30-July 2 (0930 GMT).

Rome, Eni CEO Claudio Descalzi attends meeting 'Italy-Mozambique' (0630 GMT).

Milan, A2A presents group and Milan sustainability reports with CEO Valerio Camerano and Chairman Giovanni Valotti (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:...............................

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