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A2A, Edison, Mediaset, Parmalat, Saipem: Italian Equity Preview

March 31 (Bloomberg) -- 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 rose 220.41, or 1 percent, to 22,001.19 in Milan.

A2A SpA (A2A IM): Italy’s biggest municipal utility, said it hopes to quickly reach a deal with Electricite de France SA on the ownership of Edison SpA (EDN IM) that will allow it to gain assets. A2A’s shares gained 1.3 percent to 1.15 euros. Edison fell 0.4 percent to 77.5 cents.

Mediaset SpA (MS IM): The television company controlled by Italian Prime Minister Silvio Berlusconi is in exclusive talks with Digital Multimedia Technologies SpA (DMT IM) to merge their broadcast and telecommunications towers.

The transaction would create a separate Mediaset unit that would be merged into DMT, the companies said in a joint stock-exchange statement. Mediaset climbed 1.7 percent to 4.51 euros. DMT rose 16 percent to 21.5 euros.

Saipem SpA (SPM IM): UBS AG lifted its price estimate on Europe’s largest oil-field services contractor to 40 euros from 38 euros. The shares rose 1.5 percent to 37.07 euros.

Parmalat SpA (PLT IM): Intesa Sanpaolo SpA, UniCredit SpA and Mediobanca SpA may sign a letter backing a government effort to keep Parmalat in Italian hands after France’s Groupe Lactalis bought a 29 percent stake and sought management control, Il Messaggero reported.

State holding company Fintecna SpA may also support an Italian investor group, Il Messaggero reported, without saying where it got the information. Under the plan, a new company would bid for 60 percent of Parmalat shares for about 3 billion euros ($4.3 billion), Messaggero reported. The shares fell 0.5 percent to 2.34 euros.

Societa Cattolica di Assicurazioni Scrl (CASS IM): The Italian insurer said 2010 net income rose 6.4 percent to 62 million euros. The company will propose a dividend of 90 cents a share, it said in a stock-exchange statement. The shares increased 0.2 percent to 19.02 euros.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net. Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net.

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