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 (*).
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DEBT (*) Ratings agency DBRS on Friday confirmed Italy’s sovereign credit rating at BBB (high), with a stable trend.
European Central Bank Governing Council member Ignazio Visco said on Friday he was in favour of reforming the euro zone’s bailout fund but that some proposals carried risks that needed to be carefully considered.
ArcelorMittal is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero daily reported on Monday. (*) Italy’s government is planning to meet Ernst&Young to consider Rome’s alternatives with regards to the Ilva plant, Corriere della Sera reported on Monday, adding that one of the options could be a Chinese stakeholder such as Jingye Group.
The Italian broadcaster has offered to buy around 20% of its shares owned by French media group Vivendi at a price of 2.77 euros per share, Il Corriere della Sera and Il Sole 24 Ore reported on Saturday, adding no deal had been reached so far.
Investment fund Peninsula could take part of Mediaset’s stake from Vivendi, Il Sole 24 Ore said, adding Czech tycoon Daniel Kretinsky was also interested in buying shares in the TV group.