November 29, 2018 / 5:02 AM / 18 days ago

Italy - Factors to watch on Nov. 29

The following factors could affect Italian markets on Thursday.

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 .

POLITICS

Milan, European Central Bank Supervisory Board member Ignazio Angeloni attends “The Italian Banking Conference 2018” organised by Luiss Business School and Harvard Business Review.

Rome, Bank of France Governor Francois Villeroy de Galhau attends conference on “What Prospects for the Euro Zone?” (1700 GMT).

Rome, European Investment Bank (BEI) holds conference with Deputy Chairman Dario Scannapieco.

ECONOMY

Assogestioni releases October fund flows data.

DEBT

Treasury sells 1.5-2.0 billion euros 2.45 percent BTP bonds due Oct. 1, 2023; 1.75-2.25 billion euros 2.80 percent BTP bonds due Dec. 1, 2028 and 0.75-1.25 billion euros following two CCTeu bonds due Oct. 15, 2024 and Sept. 15, 2025. Subscriptions close at 1000 GMT.

FCA

Meeting with trade union organizations for the presentation of production plan of Italian factories in Turin (1000 GMT); followed by news conference by Chief Operating Officer EMEA Pietro Gorlier.

Fiat Chrysler is expected to commit to producing a raft of new models in Italy, including Jeeps and an Alfa Romeo SUV, union sources said, as the carmaker strives to fill underutilised plants and lift profit margins in Europe. (*) A federal judge in San Francisco on Wednesday ordered the U.S. Justice Department and Fiat Chrysler Automobiles NV to hold new talks with a court-appointed settlement master to try to settle the government’s civil suit over the Italian-American automaker’s diesel vehicle emissions.

LUXOTTICA

The eyewear group heads towards de-listing after more than 80 percent of investors targeted by takeover offer tendered in their shares.

BANCO BPM

Board meeting on sale of non-performing-loans.

Italy’s third-largest bank Banco BPM will discuss an up to 8.6 billion euro bad loan sale at a board meeting on Thursday, picking one or two bidders to continue talks with, three sources familiar with the matter said.

(*) ATLANTIA

Roberto Tomasi, managing director at Atlantia’s unit Autostrade, could become chief executive of Autostrade, replacing Giovanni Castellucci, La Repubblica and MF said.

(*) LEONARDO

The defense group will review the situation of ailing group Piaggio Aero, Leonardo CEO was quoted as saying by several newspapers.

(*) ITALIAN BANKS

Next week the Ecofin meeting will likely approve new European rules to favour big sales of bad loans portfolios by banks, Il Sole 24 Ore and Il Messaggero reported.

(*) BANCA CARIGE

The subordinated convertible bond that Carige plans to issue will pay a coupon of 13 percent, several newspapers reported.

UNICREDIT

U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit CRDI.MI to comply with capital buffer rules, two sources familiar with the matter said.nL8N1Y35L2]

Pimco has made a Christmas turkey out of UniCredit. The Italian lender paid nearly 8 per cent to raise $3 billion, entirely from the U.S. bond giant. Paying up for certainty makes sense. But like a last-minute shopper who has delayed sorting out Christmas dinner until the final moment, UniCredit could and should have been more organized.

CNH INDUSTRIAL

Ordinary shareholders’ meeting (0800 GMT).

M&A, EVOCA

Private equity fund Lone Star has hired Deutsche Bank to explore a potential sale of its Italian vending and coffee machine maker Evoca, which includes iconic brand Gaggia, Evoca CEO Andrea Zocchi told Reuters on Wednesday.

(*) SAFE BAG

The company on Thursday approved the new business plan 2018-22 saying the company will move to the Star segment of the MTA market of Milan Bourse starting from the second half of 2019.

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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