Banco Popolare, Eni, Poltrona, UniCredit: Italian Equity Preview

The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close.

Italy’s benchmark FTSE MIB Index declined 0.3 percent to 22,734.17 in Milan yesterday.

Banco Popolare SC (BP IM): The Verona, Italy-based bank may combine its leasing units with Banca Popolare di Milano Scarl, and Banca Popolare dell’Emilia Romagna Scrl, MF reported, without saying where it got the information. Shares in Banco Popolare SC fell 2.5 percent to 2.685 euros.

Eni SpA (ENI IM): Chief Executive Officer Paolo Scaroni said the oil producer isn’t in talks with anyone to sell its stake in Galp after negotiations with Petrobras collapsed. The shares rose 0.2 percent to 18.20 euros.

Poltrona Frau SpA (PFG IM): The furniture maker said it’s selling as many as 4.48 million of its own shares through a placement with professional investors. The shares slipped 0.1 percent to 98.5 euro cents.

UniCredit SpA (UCG IM): UniCredit SpA’s board plans to meet on Feb. 10 to approve the appointment of Jean-Pierre Mustier as head of corporate and investment banking to succeed Sergio Ermotti, people familiar with the discussions said. The shares lost 1.8 percent to 1.87 euros.

Unione Di Banche Italian (UBI IM): The bank was downgraded to “sell” from “neutral” at Centrosim. The shares lost 0.8 percent to 7.66 euros.

To contact the reporter on this story: Giles Broom in Zurich at gbroom@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.