April 16, 2018 / 4:03 AM / 5 days ago

Italy - Factors to watch on April 16

The following factors could affect Italian markets on Monday.

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 .

TELECOM ITALIA

German activist fund Shareholder Value Management said on Saturday it had built a stake of more than 1 pct in Telecom Italia and supported moves by Elliott Advisers to shake up the Italian phone company.

JP Morgan had a 5.932 percent indirect stake in the phone group as of April 6, a filing from market regulator Consob showed on Friday. (*) Shareholders representing 68 percent of the capital have signed up for the next shareholder meeting, Il Sole 24 Ore said on Saturday, adding activist fund Elliott could count on investors representing 34-35 percent of the capital. (*) Vivendi has been an “awful” investor in Telecom Italia, Italy’s Industry Minister Carlo Calenda told La Repubblica daily on Monday, as the French media group fights to keep its grip on Italy’s biggest phone group. (*) ENI

Oil firm Eni said output from Norway’s Goliat field has resumed after being shut since Friday morning following a small fire.

(*) FIAT CHRYSLER

According to investment bankers a merger between Fiat and Peugout could generate yearly synergies worth between 2 and 5 billion euros, L’Economia/Corriere della Sera said on Monday. It added the favourite partner in Asia is Hyundai.

Meets trade unions on Turin luxury polo in Turin (1300 GMT).

ILIAD

French mobile operator Iliad plans to invest more than one billion euros in Italy, the head of its Italian operations is quoted as saying by Il Sole 24 Ore newspaper on Saturday. Benedetto Levi reiterates the firm plans to launch here by the summer and expects to breakeven “even with a market share of less than 10 percent.”

MEDIASET

Top shareholder Fininvest said on Friday it bought a 0.74 percent stake in the Italian broadcaster, between March 8 and March 12, for a total of 29 million euros.

ENEL

Broadband company Open Fiber, jointly owned by Enel and state lender Cassa Depositi e Prestiti, has enlisted banks to help fund the 6.5 billion euro ($8 billion) rollout of its fast broadband network, it said on Friday, confirming an earlier Reuters report.

ALITALIA

The European Union is set to open a formal probe into a 900-million-euro bridge loan given to the troubled airliner by the Italian government, la Repubblica newspaper said on Saturday. Some competitors complain that the loan is illegal state aid.

AS ROMA

Ordinary shareholders’ meeting (1300 GMT).

ATLANTIA

Put option deadline in favor of Atlantia for transfer of Cellnex share.

CHL

Board meeting on FY results.

INDEL B

Board meeting on FY results, followed by conference call.

PIAGGIO

Annual general meeting (0900 GMT).

TPS-TECHNICAL PUBLICATIONS SERVICE

Annual general meeting (0930 GMT).

EQUITA GROUP

Annual and extraordinary shareholders’ meetings (0900 GMT).

MONCLER

Annual and extraordinary shareholders’ meetings (0800 GMT).

PITECO

Annual and extraordinary shareholders’ meetings (1230 GMT).

Trade ex-dividend: COIMA RES of 0.18 euro per share as final dividend (interim dividend of 0.09 euro per share on Nov. 13, 2017), CULTI MILANO of 0.08 euro per ordinary share.

IPO

Italy’s Octo Telematics said on Friday its chief executive and chairman had agreed to buy a 20 percent share from controlling shareholder Renova, in a move aimed at resolving issues deriving from the imposition of sanctions on the Russian group.

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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