Italy – Factors to watch on Feb. 22




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 IT/DIA .


Italy reported 232 coronavirus-related deaths on Sunday against 251 the day before, the Health Ministry said, while the daily tally of new infections fell to 13,452 from 14,931. new government led by Mario Draghi will discuss measures to curb COVID-19 epidemic at a meeting on Monday, the Italian PM office said over the weekend.


Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Feb. 25.


Italy’s business lobby Confindustria said on Saturday it does not expect a significant economic rebound before the third quarter due to the slower-than-expected pace of coronavirus vaccinations and the impact of lockdown restrictions.

The top investor said it plans to launch a 1.7 billion euro ($2.1 billion) takeover of the Italian motorway group to take it private, implement a broad overhaul and strengthen the company. ITALIA (TIM)

Representatives from both the 5-Star Movement and the right-wing League party said over the weekend Italian State lender Cassa Depositi e Prestiti should put forward its own slate of candidates instead of backing nominees promoted by TIM’s outgoing board at the group annual general meeting on March 31.

CDP will hold a board meeting on Monday which is expected to clarify whether it would support a slate put forward by TIM?s outgoing board, sources have said.


BPER signed on Friday the final contracts for the purchase of 486 branches and 134 operational units from Intesa Sanpaolo , the Modena-based lender said, adding the distribution of the branches and operational units showed a high concentration in northern Italy, particularly in Lombardy. SANPAOLO

Italy’s biggest bank is eyeing Far-East markets, including China and India, to boost its presence abroad, the head of group’s Corporate & Investment Banking unit, Mauro Micillo, told MilanoFinanza on Saturday, adding that Africa could also become an interesting market.


The Italian arm of France’s Credit Agricole said on Friday it secured a deal to buy 1.3% of the Italian bank capital at 10.5 euro per share, the same price it offered for Creval’s takeover unveiled in November.

A consortium led by Italian state lender CDP is ready to submit a binding offer for the 88% stake which Atlantia holds in motorway unit Autostrade, paying a price at the top end of a 8.5-9.5 billion euro range, Il Messaggero wrote on Saturday. The consortium would pay 6.2-7.1 million cash, while the remaining payment would be completed in 3-4 years, the Italian daily added.


Italy’s Eni on Friday became the latest energy group to increase its climate ambition with a promise to be carbon neutral by 2050, as it seeks to keep pace in an industry under mounting investor pressure to curb emissions.

Shares in the aerospace and defence group rose 10% on Friday on the back of a media report saying it would raise about 2.1 billion euros from the New York Stock Exchange listing of its U.S. unit DRS. At the request of Italy’s market watchdog Consob, the group issued a statement late on Friday saying it was evaluating the possibility of listing DRS. It added no formal decision on the matter had been taken yet. aerospace and defence group is set to appoint Lucio Valerio Cioffi as interim chief technology & information officer (CTIO) replacing Roberto Cingolani, who was named as minister for green transition in Draghi government, Il Sole 24 Ore wrote on Saturday.


On Feb. 16 the group’s CEO sold 1.67 million shares at a price of 0.7175 euros apiece, a market watchdog filing showed on Friday.

Board meeting on preliminary FY results.


Starts capital increase; ends on March 11.


Ordinary shareholders’ meeting on board appointments (0930 GMT).


SIT Technologies SpA starts voluntary total takeover bid on 4,269,319 warrants of SIT (0730 GMT); ends on March 12.


Rome, cabinet meeting on measures to curb COVID-19 epidemic(0830 GMT)

Employers’ association fashion unit, Confindustria Moda, President Cirillo Marcolin holds online news conference to present 2020 results and 2021 perspectives (1030 GMT).

Rome, Bank of Italy meets the press on “Review of the Eurosystem’s monetary policy strategy” with Bank of Italy Governor Ignazio Visco (1000 GMT).


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