Posts Tagged Italy

Olimpia in red, Tim positively

Starting from week to conflicting titles of the Olympia. While Tim is rising by almost 1% due to the indiscretions of the press concerning a possible expulsion of Marco De Benedetti, the other title of the galaxy are traveling in negative territory. Telecom is decreasing by 0,14%, Olivetti yields 0.39%, Seat Pg 0.3% and Pirelli 0.1%.

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Tenaris Dalmine launches ops on, you mark it ‘in Italy

The multinational Argentina Steel Tenaris, Techint holding controlled by the Rocca family, has announced that it plans to list its shares in , USA, Argentina and Mexico. Tenaris also announced it will launch an offer for the shares in Dalmine, the Mexican Siderca Tamsa and Argentina. In particular, the ops on Dalmine involves the of 12.0267 shares per 1 share Tenaris Dalmine.

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Accelerate Olivetti and Telecom Tim shine

Bringing back the purchases of the securities Olympia. The optimal sitting of the major European players and the positive signs coming from the U.S. futures are pushing the maximum Olivetti, which is an increase of 3.40% by the action it is at 1.064 . Good day for the two operating of the group. Telecom (+2.8%) is back above 8 share sale of 2.38% while Tim went up to 4.40 .

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IntesaBci to 40% in Italy Lazard

IntesaBci will focus on the Italian and retail customers. “The development of the group will head to a greater concentration on the Italian and less statistics, and at the same time will be prime retail customers”, this message Corrado Passera, CEO of IntesaBci, who added that he concluded an agreement with Lazard. IntesaBci bought 40% of Lazard for 100 million and the structure will be the division that will do consulting for large clients, over 450 million in sales. Another 50 million will be earmarked for for the task.

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M. Stanley begins with Telecom Italy overweight

Morgan Stanley initiated coverage on Telecom with Overweight and a target price of 9.7 a share. According to the broker, Telecom offers a generous cash flow dynamics thanks to the performance of our domestic in both the fixed and . Loved the common of Telecom to the relevant shares and Olivetti savings, since shortening the chain of control group is difficult to achieve.

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Fiat spotlight

try to hook the 10 the title of Lingotto. After a brief correction, Fiat is accelerating again by the action of salt went up 10% 2.13 . Remember that Fiat sold 50% of Teksid into a fund for private , earning around 460 million . With this move, Fiat will reduce its net debt amounting to 5.8 billion , 290 million . Today is also the title of the Lingotto not seem to suffer the data on registrations of cars, that in the month of July in fell 6.37% on an annual basis to 202,400 (for the Fiat has seen a decline of 15.9 % yoy).

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Olympia Group dusting pending quarterly

Brilliant start for the securities of Bicocca. While waiting to know how will be the quarterly, Olivetti is rising, 1, 89% at 1.139 , Pirelli 1% to 1.14 , Telecom , 1 salt, 69% to 8.20 , Tim gained more than 2% to 4.44 and the Seat 1, 7%.

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Parmalat Brazil slips sull’Omega 3

Gran courts in Brazil to Parmalat. The Departamento de Proteção and Defesa do Consumidor, a body overseeing the fraud to consumers equivalent to many associations in , decided to sue the for misleading advertising Parmesan. The appeal relates to the quantity of a substance, Omega 3, which adds a type of milk sold in . This would have been less than advertised. Parmalat will have to replace within a couple of months with as many cartons of milk which comply with the advertised, otherwise the fine would be 10 million .

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March: “Fiat Auto remains in Italy”

The Minister for Productive Activities Antonio Marzano is the guarantor of the permanence in the hands of the Agnelli family of Fiat’s auto sector. “I had assurances from ownership that this intention is not there” Marzano said on the sidelines of a parliamentary hearing. Marzano added that “so much so that there is a put option agreement with GM, but there’s a call.”

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Olimpia Group positively

Starting on the right foot in the securities of Bicocca. Olivetti is rising by 0.9% to 1.023 , Pirelli halls of 2.39% to 1.07 , Tim rose 1, 38% to 4.10 , Telecom 0.79% to 7 Seat 5 and 1%.

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