Italy - Factors to watch on Feb. 15

The following factors could affect Italian markets on Wednesday. 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 . ECONOMY Bank of Italy releases December data on public finances, state borrowing and debt. COMPANIES TELECOM ITALIA (TIM) (*) The group said on Tuesday it sees core profit returning to grow this year by a "mid single-digit" percentage thanks to signs of improvement in its battered home business which cushioned a decline of income in 2022. (*) An approval by Italy's antitrust authorities to a potential sale of the company's fixed network to U.S. infrastructure fund KKR could take less time than a deal with state lender CDP if the state lender were to create a single network with Open Fiber, TIM's CEO Pietro Labriola says in an interview with daily La Stampa.

Conference call with analysts (1000 GMT) and online news conference (1300 GMT) on FY results and 2023-2025 industrial plan update. ENEL A sale of Enel's Romanian assets is moving "in the right direction" and it expects a deal before the end of June, the chief executive of the Italian power utility said on Tuesday. (*) The utility's former chief executive and current AC Milan chairman Paolo Scaroni has emerged among the potential candidates for the utility's chairmanship, La Repubblica daily reported on Wednesday. The paper added that current Italgas' CEO Paolo Gallo is running for the chief executive role.

MEDIOBANCA , ANIMA HOLDING (*) A financial investor not previously a shareholder in Anima Holding has tasked Mediobanca with buying a stake of up to 9% in the Italian asset manager, the investment bank said on Tuesday. (*) SNAM , ITALGAS The gas grid operator is gearing up to sell its 13.5% stake in Italgas by the end of the first quarter in a deal worth 600 million euros, MF daily reported citing financial and market sources. Under the plan, the stake would be sold by issuing a bond convertible into Italgas shares rather than via a direct sale, the paper added. AZIMUT HOLDING (*) Timone Fiduciaria, the top shareholder in the Italian asset manager and an investment vehicle owned by thousands of Azimut managers and financial advisers, said on Wednesday it had completed the sale of an around 0.9% stake in the company at a price of 22.35 euros per ordinary share.

UNICREDIT Italy's No.2 bank is exploring strategic options for its merchant acquiring business though evaluations are very preliminary and may not lead to any decision, a person close to the matter said, confirming a Bloomberg report. CEO Andrea Orcel has said UniCredit would study other possible partnerships for its businesses. PIRELLI Board member Bai Xinping will step down as of Feb. 22 due to the assumption of new professional responsibilities at Sinochem Group, the tyremaker said on Tuesday.

ACEA The company said on Tuesday its Chairwoman Michaela Castelli had resigned effective immediately citing personal reasons. FERRARI Ferrari will make marginal changes to their Formula One race team but anything more substantial can wait until after the opening rounds of the season, new boss Fred Vasseur said on Tuesday. INTERPUMP GROUP Board meeting on Q4 and FY results. TENARIS Board meeting on Q4 results. AUTOGRILL Board meeting on FY results (revenues). EDISON Board meeting on FY results. DIARY Itinerari Previdenziali holds online conference dedicated to institutional investors "Investments in energy winter" (0800 GMT); attendees include Energy Authority ARERA President Stefano Besseghini(0920 GMT); Environment and Energy Security Minister Gilberto Pichetto Fratin (1045 GMT). ISTAT and business lobby Confindustria hold online workshop "Permanent Business Census. The new multi-purpose survey and the register system for a territorial analysis of the production system" (0930 GMT).

Rome, Chamber of Deputies Speaker Lorenzo Fontana meets the Italian Football Federation (FIGC) President Gabriele Gravina (1600 GMT). Rome, banking association ABI holds Executive Committee meeting (0930 GMT); European Affairs, South and PNRR Minister Raffaele Fitto attending.

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...... For pan-European market data and news, click on codes in
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Italy - Factors to watch on Feb. 15

By Reuters

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