Aedes, Edison, Fondiaria, Mondadori: 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 (FTSEMIB) added 212.74, or 1 percent, to 21,953.76 in Milan.
Aedes SpA (AE) : The board called a shareholders’ meeting next month after PR.IM. SpA proposed the dissolution of the real-estate company. PR.IM will also ask shareholders to vote on renewing the board through 2013 should the dissolution not be approved, the company said. The board reiterated its opposition to PR.IM.’s requests. The shares increased 1.2 percent to 16.3 euro cents.
Fondiaria-Sai SpA (FSA) : Italian market regulator Consob may address by May 10 whether UniCredit SpA is required to make a mandatory bid for all of the shares after purchasing a stake in Italy’s second-biggest insurer, Il Sole 24 Ore reported. Fondiaria’s board is scheduled to approve its quarterly results on May 11. The shares rose 1.8 percent to 6.18 euros.
Parmalat SpA (PLT) : Goldman Sachs Group Inc. may present its fairness opinion May 12 on Groupe Lactalis’s 3.4 billion- euro ($4.9 billion) bid for Parmalat SpA, Il Sole 24 Ore reported, without saying where it got the information. The shares gained 0.2 percent to 2.6 euros.
The boards of the following companies are among those scheduled to approve quarterly results:
Arnoldo Mondadori Editore SpA (MN) , the publisher controlled by the Berlusconi family, advanced 1.4 percent to 2.84 euros.
Cementir Holding SpA (CEM) , the cement maker owned by Italy’s Caltagirone family, gained 0.4 percent to 2.18 euros.
Edison SpA (EDN) , Italy’s second-largest power producer, slid 0.1 percent to 82.1 euro cents.
Yoox SpA (YOOX) , an online retailer, rose 1.3 percent to 12.24 euros.
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