October 25, 2019 / 6:34 AM / 20 days ago

Italy - Factors to watch on Oct. 25

The following factors could affect Italian markets on Friday.

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

Ratings agency S&P Global reviews Italy's sovereign debt ratings.

ISTAT releases September non-EU foreign trade data (0800 GMT).

DEBT

Treasury sells 2.5-3.0 billion euros new CTZ bonds due Nov. 29, 2021; BTPei bonds offer cancelled. Subscriptions close at 0900 GMT.

Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Oct. 30.

ENI

The Italian energy major said its adjusted net profit in the third quarter fell 44% on the year, in line with expectations, as lower oil and gas prices took their toll.

ALITALIA (unlisted)

The Italian government has increased a six-month bridge loan for the struggling airline to 400 million euros from 350 million, according to a draft government decree seen by Reuters, while negotiations for its rescue are continuing.

The European Commission gave a green light to Rome to extend a deadline to present a binding bid for the troubled carrier to Nov. 21, la Repubblica reported, adding that a procedure for state-aid might be opened if such deadline were not met.

(*) ATLANTIA, ASTM, AUTOSTRADE MERIDIONALI

External experts, from universities, will have to give their green light to safety inspections on Italy's roads and bridges made by motorway concession companies, infrastructure minister Paola De Micheli said in an interview with Il Messaggero published on Friday. Micheli added that these new rules were contained in a letter the ministry sent to all concession companies on Oct. 14.

STMICROELECTRONICS

The chip-maker will post full year revenues of around $9.48 billion, in the middle of a range provided by the company as a guidance in July, Chief Executive Jean Marc Chery was quoted as saying by Il Sole 24 Ore.

Chery added that by 2024-2025 the group's revenues from the auto segment might equally come from traditional and electric cars, compared to 70% and 30% respectively as of today.

A2A

Italy's largest regional utility is the ideal candidate to buy a 30% stake in a new group created by a potential merger of the two local utilities AGSM Verona and AIM Vicenza, Il Sole 24 Ore said. The report added adviser Roland Berger has proposed a plan for AGSM and AIM to merge and sell a 30% stake in the new group to a major industrial partner.

MONCLER

Revenues at the Italian luxury outerwear maker rose by 10% at constant exchange rates in the third quarter, slightly above market expectations, despite a sharp decline in Hong Kong due to months of protests.

BIO-ON (shares suspended from trading)

The bio-plastic maker could seek protection from creditors, daily MF said, after the company's top shareholders and top managers were arrested in a probe into alleged false accounting and market manipulation. MF said that one of the options pursued could be that banks exposed to Bio-On would agree to convert their credits into new shares.

BANCA FINNAT

Italy's tax police has searched the bank's headquarters in Rome as part of Bio-On's probe, La Stampa daily reported. Banca Finnat, which advised Bio-On with its Initial public offer, has a 10% stake in two of the company's joint ventures, the report added.

ORSERO

Ordinary and extraordinary shareholders' meetings to approve project to list ordinary shares on main bourse segment (0730 GMT).

IPO - NEWLAT

The Italian food group completed its initial public offering on Thursday, setting an IPO price of 5.80 euros per share, at the low end of its indicative price range.

DIARY

Rome, Industry Minister Stefano Patuanelli meets trade unions on Arcelor Mittal.

Verona, XII economic Eurasiatic forum "Business Connecting Eurasia Dialogue - From the Atlantic to the Pacific" ends (0700 GMT); expected attendees include Industry Minister Stefano Patuanelli, Russian banking association President Garegin Tosunyan, Puglia region Governor Michele Emiliano, ACRI and Compangia di San Paolo President Francesco Profumo, Maire Tecnimont Executive Chairman Fabrizio Di Amato, Banca Intesa Russian unit Chairman Antonio Fallico, Danieli Deputy Chairman Renato Pezzano.

Milan, Microsoft Italian unit CEO Silvia Candiani and Poste Italiane CEO Matteo Del Fante present project on digital transformation for small- and medium-sized companies (0930 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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