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Aedes, Coin, Edison, Mediaset, 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 added 212.74, or 1 percent, to 21,953.76 in Milan.

Aedes SpA (AE IM): 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.

Compagnie Industriali Riunite SpA (CIR IM): GDF Suez SA is interested in buying Italian electricity producer Sorgenia after the De Benedetti family mandated Goldman Sachs Group Inc. to review options for the business, French daily Les Echos reported, citing unidentified people.

Iberdrola SA, Electricite de France SA and OAO Inter RAO UES have also expressed interest in Sorgenia, Les Echos added. CIR fell 0.1 percent to 1.7 euros.

Fondiaria-Sai SpA (FSA IM): 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.

Gruppo Coin SpA (GCN IM): BC Partners said in a statement today that it will buy 78.7 percent of Coin and make an offer for the rest of the company at 6.50 euros per share. The shares climbed 5 percent to 7.1 euros.

Italcementi SpA (IT IM): Jefferies Group Inc. lowered its price estimate on the ordinary shares of Italy’s biggest cement maker to 9.5 euros from 10.1 euros and on the savings shares to 4.9 euros from 5.1 euros. The common shares rose 3.4 percent to 7.25 euros. The savings shares gained 1.4 percent to 3.74 euros.

Mediaset SpA (MS IM): The television company controlled by Italian Prime Minister Silvio Berlusconi was downgraded to “sell” from “hold” at Citigroup Inc. and had its price estimate lowered to 3.7 euros from 3.9 euros at Nomura Holdings Inc. The shares added 1.2 percent to 4.39 euros.

Parmalat SpA (PLT IM): 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.

Recordati SpA (REC IM): Exane BNP Paribas increased its price estimate on the stock by 7 percent to 7.5 euros. The shares gained 1.1 percent to 7.26 euros.

Telecom Italia SpA (TIT IM): Exane lowered its price estimate on Italy’s biggest phone company by 8 percent to 1.1 euros. The shares added 1 percent to 1.01 euros.

Tenaris SA (TEN IM): Jefferies increased its price projection on ADRs of the world’s largest maker of seamless pipes to $53 from $50. The shares gained 5.3 percent to 16.84 euros.

The boards of the following companies are among those scheduled to approve quarterly results:

Arnoldo Mondadori Editore SpA (MN IM), the publisher controlled by the Berlusconi family, advanced 1.4 percent to 2.84 euros.

Cementir Holding SpA (CEM IM), the cement maker owned by Italy’s Caltagirone family, gained 0.4 percent to 2.18 euros.

Edison SpA (EDN IM), Italy’s second-largest power producer, dropped 0.1 percent to 82.1 euro cents.

Yoox SpA (YOOX IM), an online retailer, rose 1.3 percent to 12.24 euros.

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