May 22, 2020 / 4:04 AM / 10 days ago

Italy - Factors to watch on May 22

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 .

GENERAL

Italy recorded 156 new deaths from the COVID-19 epidemic on Thursday, against 161 the day before, the Civil Protection Agency said, while the daily tally of new cases also declined slightly to 642 from 665 on Wednesday. The total death toll since the outbreak came to light on Feb. 21 now stands at 32,486, the agency said, the third highest in the world after those of the United States and Britain.

DEBT

Italy raised a record 22.3 billion euros ($24.5 billion) from a BTP Italia inflation-linked bond targeted at retail investors this week, outperforming the last such issue in October and exceeding the already high expectations for the new note.

Treasury announces sale of six-month BOT bills, with relative amounts to be auctioned on May 27.

NEXI

Italian payments groups Nexi and SIA are exchanging confidential information as they explore a possible tie-up to create an Italian payments powerhouse, three sources familiar with the matter said on Thursday.

FIAY CHRYSLER

Fiat Chrysler’s top executive in Brazil said on Thursday that auto sales in South America’s largest car market have fallen between 70% and 75% so far in May due to the coronavirus crisis, compared to a year ago.

INTESA SANPAOLO, UBI BANCA

Italy’s anti-trust authority is not expected to rule on Intesa’s takeover offer for UBI before the end of June or early July and market watchdog Consob will not start examining the prospectus for the offer before that happens, Il Sole 24 Ore reported, adding the launch of the offer could be delayed to September.

ATLANTIA

Top executives from the group’s ASPI toll-road unit held a first meeting on Thursday at Italy’s Treasury to discuss with senior officials the 1.25 billion euro loan which ASPI is working to secure from UniCredit tapping a state guarantee scheme, Il Sole 24 Ore reported citing Radiocor news agency. A new meeting is scheduled for early next week.

AS ROMA

U.S. magnate Dan Friedkin values the Serie A football club he is considering buying at around 500 million euros, MF reported citing financial sources.

UNICREDIT

Italy’s top bank said on Thursday it had distributed 43% of the retail tranche of a new BTP Italia bond through its digital channels, almost doubling the latest BTP ITALIA issuance in 2019.

BRUNELLO CUCINELLI

The Italian fashion group said on Thursday it had appointed Luca Lisandroni and Riccardo Stefanelli as new CEOs, while founder Brunello Cucinelli was stepping down as CEO. He remains the group’s chairman and creative director.

In an interview with MF Chairman Brunello Cucinelli said the third and fourth quarter should have “a positive sign” while the second quarter will be the most difficult one. Around 60% of the retail network is open and within two weeks all shops should have reopened, he added.

SANLORENZO

The luxury boat maker said on Thursday it was considering buying a majority stake in sailing brand Perini Navi to boost its market share in the superyacht segment.

AUTOGRILL

The restaurant operator on Thursday said its board had re-appointed CEO Gianmario Tondato Da Ruos and Chairman Paolo Zannoni.

POSTE ITALIANE

The Italian post office has invested in a 25 million euro capital increase at delivery start-up Milkman.

CAMPARI GROUP

Offer of withdrawn shares starts; ends on June 21.

ENAV

The Italian air traffic controller said on Thursday it appointed Francesca Isgrò as Chairman and Paolo Simioni as CEO.

SARAS

Annual general meeting (0800 GMT).

(*) M&A

A preliminary valuation of 3 billion euros has emerged for the Italian stock exchange as part of a project to set up a consortium of domestic investors led by state lender CDP ready to buy it were the London Stock Exchange forced to dispose of Borsa Italiana to complete its acquisition of Refinitiv, Il Sole 24 Ore reported.

DIARY

Bocconi University holds online ‘Executive Master in Finance CEO Forum’ on “Banking and Sustainable Finance” with Banca Monte dei Paschi di Siena CEO Marco Morelli, Banca Nazionale del Lavoro CEO Andrea Munari (0830 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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