saying the state-owned bank is too big to swallow. Castagna also said Banco BPM is keen to generate greater value longer-term from its retailers' payment business as it explores strategic options for the unit. INTESA SANPAOLO Intesa Sanpaolo slashed its assets by more than expected at the end of last year to fend off regulatory hits to its capital reserves and gave a conservative profit estimate for 2023, despite a strong fourth quarter. Shares in Italy's largest bank closed 3% on Friday. CEO Carlo Messina also said the bank can play no role in the privatisation of peer Monte dei Paschi di Siena TELECOM ITALIA Thousands of Telecom Italia customers across Italy complained of internet outages and glitches on Sunday which the company blamed on problems with an international link. Telecom Italia said the issue was resolved on Sunday afternoon.
ENEL Enel has extended the exclusivity period for talks to sell its Romanian assets to Greece's Public Power Corporation until the end of February. "The parties will inform the market should they enter into a binding agreement on the transaction," Enel said in a statement on Saturday. (*) The group's Chief Executive Francesco Starace told the Financial Times in an interview on Monday that his strategy of shifting away from fossil fuels and focusing on renewables was in line with the government and dismissed media reports about his future.
(*) AUTOGRILL The Italian airport and motorway caterer and duty-free retailer Dufry successfully closed their business combination agreement. The legal requirements for the launch by Dufry of a mandatory public exchange offer on Autogrill have been met, the Swiss company said on Friday. (*) TENARIS The steel pipe maker said on Sunday that Benteler North America Corp had called off a previously announced agreement to sell 100% of its shares in its steel pipe business to the Tenaris. (*) BANCA MEDIOLANUM , BANCA GENERALI Jefferies has started the coverage of the two stocks with "buy" rating and price targets of 11.4 euros and 41.3 euros, respectively.
(*) FINECOBANK Jefferies has started the coverage of the stock with an "underperform" rating and a price target of 14.8 euros.
ANIMA HOLDING (*) The asset manager said on Monday its net inflows in January totalled 34 million euros.
Board meeting on preliminary FY results. Credito emiliano Board meeting on preliminary FY results. AEDES SIIQ Domus Srl starts full mandatory takeover bid on Aedes SIIQ ordinary shares; ends on March 3. DIARY Milan, as part of the initiatives linked to Holocaust Memorial Day, presentation of the information totem at Platform 21 in the Royal Hall of Milan Central Station (0930 GMT); expected attendees include Milan Mayor Giuseppe Sala, state railways Ferrovie dello Stato (FS) CEO Luigi Ferraris, Culture Minister Gennaro Sangiuliano (1000 GMT). Adria, handover ceremony to Libyan authorities of a newly manufactured "300 class" patrol boat, in the framework of the European project Sibbmil; expected attendees include Foreign Minister Antonio Tajani, Interior Minister Matteo Piantedosi, Libyan Foreign Minister Najila El Mangoush, Environment and Neighbourhood EU Commissioner Policy Oliver Varhelyi; followed by joint news conference. Brescia, Economy Minister Giancarlo Giorgetti attends public meeting organised by farmers' lobby Cordiretti (1700 GMT).
Catania, Enel holds event presentation of "The new Enel energy centre in Italy", 3Sun photovoltaic panel production site (0930 GMT).
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