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Fondiaria, Intesa, Italcementi, SS Lazio: Italian Equity Preview

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June 23 (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 88.23 points, or 0.4 percent, to 20,014.11.

Buzzi Unicem SpA (BZU IM): Exane BNP Paribas upgraded the stock to “neutral” from “underperform.” The shares dropped 1.5 percent to 9.01 euros.

Fondiaria-SAI SpA (FSA IM): The insurer approved final conditions for its planned capital increase, according to a statement distributed by the Italian exchange.

Fondiaria will sell new common shares at 1.5 euros each and 1 euro for saving shares. Investors have an option to buy two new shares for every one they hold.

Milano Assicurazioni SpA (MI IM), a unit of Fondiaria, also approved final details for its capital increase. Fondiaria shares fell 4.2 percent to 4.45 euros. Milano Assicurazioni declined 4.5 percent to 76.8 euro cents.

Intesa Sanpaolo SpA (ISP IM): Italy’s second biggest bank said it raised 5 billion euros in a share sale as its capital increase was fully subscribed. The shares rose 0.2 percent to 1.86 euros.

Italcementi SpA (IT IM): Exane BNP Paribas upgraded the stock to “outperform” from “neutral.” The shares fell 2.3 percent to 6.09 euros.

Saras SpA (SRS IM): Goldman Sachs Group Inc. cut its price estimate to 1.83 euros from 2 euros with a “neutral” rating unchanged. The shares lost 0.9 percent to 1.49 euros.

Snam Rete Gas SpA (SRG IM): Citigroup Inc. lifted its recommendation to “buy” from “hold.” The brokerage added Snam as a top pick among regulated names. The shares dropped 0.5 percent to 4.02 euros.

SS Lazio SpA (SSL IM): The soccer club said it’s not aware of any reasons justifying share movements in the past few days. Lazio shares rose more than 50 percent this week. The shares gained 6.5 percent to 62 euro cents.

UniCredit SpA (UCG IM): Chief Executive Officer Federico Ghizzoni is scheduled to attend a conference in Rome. Unicredit fell 0.1 percent to 1.52 euros.

To contact the reporter on this story: Tommaso Ebhardt in Milan at +39-02-8064-4231 or tebhardt@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at +49-30-70010-6232 or cthomas16@bloomberg.net.

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

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net