Italy — Factors to watch on September 24
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 (*). Economy Italy plans to confirm a commitment to bring its budget deficit below the European Union's 3% of gross domestic product ceiling this year from 3.1% in 2025, sources said, as the government finalises a new budget plan due in early October. Italy's upper house Senate on Wednesday gave final approval to a government plan to restart nuclear power generation, almost 40 years after a referendum led to the closure of Italy's reactors. Consensus is growing across Europe over the need to adopt a windfall tax on energy firms, Italy's Economy Minister Giancarlo Giorgetti said on Wednesday. Debt Treasury sells on Thursday up to €4.5 billion of BTP short and inflation-linked BTPei. Companies Banca Monte Dei Paschi, Intesa Sanpaolo Italy will abstain from a vote at a Monte dei Paschi di Siena (MPS) shareholder meeting called to approve defensive acquisitions to fend off a hostile takeover by Intesa Sanpaolo, Economy Minister Giancarlo Giorgetti said on Wednesday. MPS's Ceo Luigi Lovaglio urged investors in the
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 (*). 1% in 2025, sources said, as the government finalises a new budget plan due in early October.
Italy's upper house Senate on Wednesday gave final approval to a government plan to restart nuclear power generation, almost 40 years after a referendum led to the closure of Italy's reactors. Consensus is growing across Europe over the need to adopt a windfall tax on energy firms, Italy's Economy Minister Giancarlo Giorgetti said on Wednesday. 5 billion of BTP short and inflation-linked BTPei.
Companies Banca Monte Dei Paschi, Intesa Sanpaolo Italy will abstain from a vote at a Monte dei Paschi di Siena (MPS) shareholder meeting called to approve defensive acquisitions to fend off a hostile takeover by Intesa Sanpaolo, Economy Minister Giancarlo Giorgetti said on Wednesday. MPS's Ceo Luigi Lovaglio urged investors in the Italian bank to back his defence strategy against a takeover bid by Intesa Sanpaolo even if they intend to tender their shares under the offer.
Addressing a Bank of America investor conference in London, Lovaglio said an October 29 vote on the defence plan should not be seen as a choice between Intesa's bid and the alternative deal MPS is proposing. Fincantieri Italian shipbuilder's subsidiary Vard has secured a new order from Dong Fang Offshore (DFO) for the design and construction of a Commissioning Service Operation Vessel (CSOV). FTITMC Stories on Italy...... FRX/