The markets approach the New Year amid reduced trading. In Piazza Affari, the Ftse Mib index rose by 0,18%, just below 19,400 points. The other European stock exchanges are slightly above parity. The Tokyo Stock Exchange's Nikkei index managed to close flat despite the decline in shares Toshiba - 11,62% who announced a write-down of "several billion dollars" for a US company bought last year by its nuclear subsidiary Westinghouse
To move the Italian price list is once again Mediaset +5,39% to 4,226 euros after a suspension due to excessive increases. The stock was boosted by the news of the annulment of the 51,4 million euro fine imposed by the Antitrust in relation to the assignment of TV rights to the football championship in the three-year period 2015-18. The Lazio Regional Administrative Court canceled the fine, but an appeal to the Council of State is already planned.
In the meantime, the Alfa Romeo group has confirmed that it will present the new three-year industrial plan in London around mid-January, despite the well-known corporate events that have seen Vivendi become the group's second shareholder in recent weeks with 29,94% of the voting rights. Nothing new to report on this front.
Still moved instead the title Telecom Italy, +1,64% in the wake of hypotheses regarding a possible entry of Cassa Depositi e Prestiti into the company's capital, to prevent Vivendi and Vincent Bolloré from selling their Telecom share to Orange, as part of the takeover of Mediaset.
Vola Parmalat +9,73% to 2,82 euros, in line with the total takeover bid launched this morning by Sofil, a company of the Lactalis group which for the part of the capital not yet owned (12,26%) offered 2,8 euros for share, with a premium of 8,5% on the December 23 price. The objective of the offer, according to a note, is to "achieve the revocation of the listing".
The banks moved little after the ECB's decision to raise the request for a capital increase for Mount Paschi (suspended) from 5 billion to 8,8 billion. An institute Board of Directors has been urgently convened. The precautionary recapitalization to fill a capital shortfall of 8,8 billion that emerged with the stress test last July will probably be covered with a Treasury intervention of around 6,5 billion.
The bank has 4,2 billion of subordinated bonds, of which about 2 billion in retail hands. In the meantime, the Treasury would therefore cover the difference between 8,8 and 4,2 billion, i.e. 4,6 billion. Then, on the basis of the compensation mechanism identified with the pre-Christmas decree, it would acquire the shares deriving from the conversion of the retail subordinates, something less than 2 billion assuming that in the meantime a part has passed to institutional investors.
Unicredit drops by 0,2%, Understanding -0,1% Ubi it is flat.
Only a few days separate Banco Popolare -2,52% and Banca Popolare di Milano -2,77% since the merger; Fitch downgraded its ratings (BB- from BB) on Friday ahead of the merger of the two institutions into one group. According to the agency, the new company will be characterized by weaker asset quality than the sector average, with consequent pressure on capitalisation.
The two groups have signed an agreement for the post-merger, which provides for 2.100 exits and 400 hires.
Sale Saipem +1,75% just a few days after the entry into force of the crude oil producers' cuts. Eni + 0,3%.
Earn money Fiat Chrysler +1%, other industrial stocks moved little. Thanks to a +65% rally since the beginning of October, the title has managed to erase the loss since the beginning of the year, the balance on today's price is +1%.
Among the small caps Tiscali rose by 4,9%, after the agreement with which it gave its Information Technology services to Engineering Ingegneria Informatica.
