November 28, 2018 / 5:01 AM / in 18 days

Italy - Factors to watch on Nov. 28

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 .

POLITICS (*) Italy needs to make a "substantial correction" to its draft budget for 2019, EU commissioner Valdis Dombrovskis told Italy's La Stampa and German daily Handelsblatt.

Vodafone officials due to speak before Chamber of Deputies Transport Committee on 5G and big data (1330 GMT).

Deputy Prime Minister and Industry and Labor Minister Luigi Di Maio and Labor Undersecretary Claudio Durigon expected to attend forum on labor in Rome (0830 GMT).

ECONOMY

Deputy Prime Minister Matteo Salvini said on Tuesday he wanted to avoid EU disciplinary action over Italy's 2019 budget.

DEBT

Treasury sells 6.5 billion euros new 6-month BOT bills. Subscriptions close at 1000 GMT.

European Central Bank publishes amount of Italian government bonds held by national banks in October (0900 GMT).

COMPANIES (*) GENERALI

Generali said extension of internal solvency model to Austria and Switzerland raises solvency ratio by 15 pct points.

(*) ATLANTIA

Atlantia CEO, Giovanni Castellucci, is considering resigning as CEO of Atlantia unit Autostrade per l'Italia while remaining head of the holding, a source familiar with the matter said on Wednesday.

(*) TENARIS

Tenaris's board confirmed and provided full support to its chairman and CEO. The CEO of Tenaris parent company Techint was charged with graft in Argentina on Tuesday, a source close to the case said.

(*) TELECOM ITALIA

The Vivendi spokesman was cited in papers as saying the Elliott board members would probably have to convene a shareholder meeting in quick time for the appointment of auditors.

(*) BANCA MONTE DEI PASCHI DI SIENA

The bank will delay its 750 million euro bond issue programme expected this year to 2019, MF said.

MEDIASET, VIVENDI

An Italian court rejected a request by Vivendi's Simon Fiduciaria to suspend two resolutions passed by the shareholder meeting of broadcaster Mediaset in June.

UNICREDIT

The Italian bank has issued $3 billion of senior non-preferred notes with a 5-year maturity to a prima institutional investor.

(*) ASTALDI

The builder, in Chapter 11-like proceedings, is still looking for an investor for its restructuring plan but has sounded out Elliott, Apollo and TPG, Il Sole 24 Ore said.

(*) BANCA CARIGE

The help banks are about to give Carige will not involve all lenders in the banking system and the exclusion of Credem, Volksbank and Banco Desio is almost certain, Il Sole 24 Ore said.

SNAM

The Italian gas group issued a 300 million euros bond though private placement with September 2023 maturity.

BANCO DESIO

The lender and Banca Popolare di Spoleto have initiated a feasibility study on merger with by incorporation of Banca Popolare di Spoleto into Banco Desio.

BANCA INTERMOBILIARE

Capital Increase will run form Dec. 3 to 17, the lender said.

GAROFALO HEALTH CARE

The company reported a 25.4 percent increase in 9-months operating EBITDA to 22.2 million euros.

POSTE ITALIANE

The former postal services monopoly said it has passed for the first time one million packages delivered in just one day, thanks to the Black Friday orders.

SAFE BAG

Board meeting on FY preliminary results and strategic guidelines of new 2018-2021 industrial plan.

LUXOTTICA

EssilorLuxottica mandatory exchange offer on all ordinary shares of Luxottica ends.

SAFILO GROUP

Italian eyewear-maker will offer 17 new shares for every 5 shares held in capital increase, for a subscription price of 0.704 euros each. [nFWN1Y20O7}

ITALIAN EXHIBITION GROUP

The trade fair organiser (IEG) has set a price range for a planned stock market flotation in Milan at between 3.70 euro and 4.20 euro per share.

GUCCI

Milan prosecutors have wrapped up their probe into alleged tax evasion of around 1 billion euros by fashion group Gucci, a part of French luxury group Kering, paving the way for a formal request for a trial, a judicial source said on Tuesday. .

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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