Italy – Factors to consider on May 26| Instant News


The following factors can affect the Italian market on Tuesday.

Reuters has not yet verified newspaper reports, and cannot guarantee its accuracy. New items are marked with (*).

For a complete list of diary events in Italy, please click.

GENERAL

Deaths from the COVID-19 epidemic in Italy rose 92 on Monday, against 50 the previous day, the Civil Protection Agency said, while the daily number of new cases dropped to only 300 from 531 on Sunday.

POLITICAL

Italian coalition partners quarreled on Monday over proposals to recruit volunteers to enforce social distance rules as the country gradually overturns restrictions related to coronavirus.

DEBT

Treasury sold 3.5-4.0 billion new CTZ bonds maturing 30/5/2022 and 0.5-1.0 billion euros 0.40% BTPei bonds maturing 5/15/2030. Subscriptions close at 0900 GMT.

Treasury announced the sale of BTP and CCTeu bonds, with a relative amount to be auctioned on May 29.

(*) ATLANTIA

Under plans by Deputy Minister of Industry Stefano Buffagni, to settle the ongoing dispute between the government and the company, the infrastructure group will sell a portion of its shares in the Autostrade per l’Italia (ASPI) highway unit to state lender Cassa Depositi Prestiti and F2i infrastructure funds , retaining 30% ownership, the daily La Stampa reported on Tuesday.

Autostrade’s had to slow down its investment plans and was forced to ask for state-backed loans after its ranking was cut and the government approved new steps governing the initial termination of the concessionaire contract, said group CEO Roberto Tomasi as quoted in a separate statement. reported by La Stampa. Tomasi added that the virus crisis caused a fall in traffic and group revenue.

Atlantia representatives held a meeting with Italian Ministry of Finance officials on Monday regarding a state-backed loan for the Autostrade unit until but no solution was found, Il Sole 24 Ore reported on Tuesday.

(*) ENEL

A Brazilian government bailout for electricity distributors could reach up to 15.5 billion reais ($ 2.9 billion), press representatives for Brazilian power regulator Aneel said on Monday. Among the controlling shareholders in the largest distribution company in Brazil is Enel SpA from Italy.

INTESA SANPAOLO, UBI BANCA

Italy Intesa Sanpaolo Italy may have to delay launching a takeover bid for rival UBI until September because of antitrust approval for the biggest European banking merger in a decade longer than expected, three people close to the matter said on Monday.

TELECOM ITALY

The Italian telephone group said on Monday that it had agreed to buy 100% of Milan-based Noovle, a cloud services company and key partner of Google Cloud in Italy, opening the door to finally creating a new company for cloud services and edge computing.

GEDI, EXOR

The publishing group said its council unanimously was deemed adequate at a price of 0.46 euros per share for an offer of takeover by Giano Holding from EXOR, after considering the opinion of the independent director and the reasonableness opinion by independent expert Equita SIM.

CREDITO VALTELLINESE

Morgan Stanley indirectly held a 5.32% potential stake in an Italian bank on May 19, filing regulations showed on Monday.

(*) AS ROMA, JUVENTUS FC, SS LAZIO

Plans to play some Serie A matches at 16:30 local time in the Italian summer have sparked opposition. Serie A hopes to resume on June 13 after the termination of the coronavirus and must rush through 12 match days in a short amount of time to complete the 2019/20 season. The government will decide on Thursday whether and when the league can continue.

DOVALUE

Annual and extraordinary shareholders’ meetings (0800 GMT).

DIARY

Rome, Economy Minister Roberto Gualtieri speaks before the Deputy Commission and the Senate Budget Committee about the government’s latest stimulus package (0730 GMT)

Rome, Italian banking association Director General of ABI Giovanni Sabatini spoke via video conference before the European Union Senate Policy Committee (1100 GMT)

Rome, European Union Minister Vincenzo Amendola spoke via video conference before the Senate and the Chamber of Deputies about the decision of the German Constitutional Court regarding the ECB’s flagship stimulus program (1300 GMT)

“Digital Business Technology Forum” ends, expected participants include Novartis Farma Chief Scientific Officer Gaia Panina, Deputy Minister of Manpower Stanislao Di Piazza.

“Milano Digital Week” continues the online edition; ends on May 30. Expected participants include Pirelli CEO Marco Tronchetti Provera, Fastweb CEO Alberto Calcagno, Open Fiber CEO Elisabetta Ripa, Snam CEO Marco Alvera, representative Leonardo Roberto Cingolani, CEO of Corrado Passera Bank (0900 GMT)

Telecom Italia CEO (TIM) Luigi Gubitosi attended the Luiss University MasterClass at “Covid-19: What’s Next?” (1630 GMT)

Banca Mediolanum held a webinar about the future of Italy with Chairman Ennio Doris (1530 GMT)

Nomisma presents its 13th report on real estate finance (0900 GMT)

The Milan Stock Exchange starts the “Virtual STAR Conference”, ending on May 27

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