December 27, 2016 / 7:53 AM / 10 months ago

Italy - Factors to watch on Dec. 27

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 .

COMPANIES

MONTE DEI PASCHI DI SIENA

The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday.

Corriere della Sera estimated the cost for the state of rescuing the bank would rise to 6.5 billion euros, including the purchase of shares from retail subordinated bondholders who will be forced to convert their notes. Il Sole 24 ore put the figure at at 6.3 billion euros.

ITALIAN COOPERATIVE BANKS

The transformation of cooperative banks into joint stock companies will be put on hold until June 2017 pending a ruling by the constitutional court on the matter, La Repubblica said on Tuesday.

PARMALAT

France’s Lactalis, the world’s largest dairy firm, said on Tuesday it was launching a buyout offer on shares in Italian group Parmalat it does not already own at 2.80 euros per share, with an aim to de-list the company from the Milan bourse.

Bourse After Hours market closed.

ASSITECA

Trades ex-dividend of 0.03 euro per share.

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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