A2A, Edison, Mediaset, Cattolica: Italian Equity Market Preview
The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close.
A2A SpA (A2A) (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) 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) : The television company controlled by Italian Prime Minister Silvio Berlusconi is in exclusive talks with Digital Multimedia Technologies SpA (DMT) 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.
Societa Cattolica di Assicurazioni Scrl (CASS) : 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.
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