May 4 (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 fell 82.02, or 0.4 percent, to 22,315.68 in Milan.
BasicNet SpA (BAN IM): Banca Akros initiated coverage of the stock with a “buy” rating and a price estimate of 3.5 euros. The shares lost 1.1 percent to 2.67 euros.
Banca Popolare di Milano Scrl (PMI IM): HSBC Holdings Plc downgraded Popolare di Milano to “neutral” from “overweight.” The shares ended unchanged at 2.3 euros.
Enel Green Power SpA (EGPW IM): The renewable energy unit of the Italian utility Enel SpA said it started building a 70-megawatt wind farm in Corugea, eastern Romania, which will produce enough electricity to meet the needs of 70,000 households a year. The stock fell 1.4 percent to 1.95 euros.
Exor SpA (EXO IM): The Agnelli family’s investment company and News Corp. are considering the possibility of making a joint bid for the Formula One car racing competition, Exor said in a joint statement. Exor said the companies will seek other investors to join a bidding group. Formula One Chief Executive Officer Bernie Ecclestone said earlier he was unaware of any bid being made. Formula One is owned by CVC Capital Partners Ltd., a London-based private equity company. Exor declined 0.3 percent to 24.56 euros.
Fiat SpA (F IM): UniCredit Research increased its price estimate on the carmaker to 9.1 euros from 8.8 euros. The shares fell 2.1 percent to 7.33 euros.
Fiat Industrial SpA (FI IM): Fiat Chief Executive Officer Sergio Marchionne is evaluating the sale of Fiat Industrial SpA as he aims to strengthen Chrysler Group LLC, La Repubblica reported, without saying where it got the information. The shares declined 0.4 percent to 9.93 euros.
Indesit Co. SpA (IND IM): Mediobanca Securities downgraded the maker of stoves and refrigerators to “neutral” from “outperform.” The shares dropped 2.1 percent to 8.83 euros.
Intesa SanPaolo SpA (ISP IM): Financier Romain Zaleski said Intesa investor Carlo Tassara SpA won’t subscribe to the Italian bank’s planned share sale, news agency Radiocor reported. Intesa increased 0.3 percent to 2.23 euros.
Lottomatica SpA (LTO IM): The Italian lottery company was downgraded to “sell” from “hold” at Citigroup Inc. The shares added 0.6 percent to 15.44 euros.
Parmalat SpA (PLT IM): The dairy company said it named Goldman Sachs Group Inc. to advise on a 3.4 billion-euro ($5 billion) takeover offer by Groupe Lactalis, which wasn’t solicited.
Nomura Holdings Inc. upgraded the stock to “neutral” from “reduce.” Parmalat gained 1.3 percent to 2.60 euros.
Saipem SpA (SPM IM): Europe’s largest oilfield-services contractor was raised to “buy” from “hold” at Societe Generale SA. The shares lost 0.7 percent to 38.2 euros.
Telecom Italia Media SpA (TME IM): Mediobanca Securities upgraded the stock to “neutral” from “underperform.” The shares slid 0.2 percent to 19.96 euro cents.