Opening of the week cautious for the european markets today will look especially to the speech of the president of the Ecb Mario Draghi before the european Parliament. The intervention comes just a few days by the invitation of German chancellor Angela Merkel for the creation of a european Union "at different speeds", characterized then by the different levels of integration among the participating Countries. In live progress, London and Paris while Frankfurt swings on the parity. The FTSE MIB in Piazza Affari cede 0.3%, the Ftse All Share index by 0.4%.
Increase of UniCredit: here is the handbook for the shareholders
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All eyes are on the delicate capital increase of Unicredit, which this morning has started operations to collect 13 billion euros: the start was substantially without shock significant, then instead of losing much more ground with the ordinary share of the treated falling 2.7% and the right down (shortly after 11) of slightly less than 8% (flexural accentuation). The option rights will be traded until 17 February and will be exercisable until February 23. Under the plan, of which the increase is most essential, in the meantime, Unicredit has reached an agreement with the trade unions on the 3900 redundancies provided for in Italy by 2024.
contract of guarantee
The bank will issue up to 1.606.876.817 new shares of the offering in option in a ratio of 13 for every 5 already held and the new securities will be issued 8,09 euro per share. The launch of the transaction, Unicredit has signed a contract of guarantee with a pool of banks who have committed to subscribe, separately and without constraint of solidarity, the newly-issued ordinary shares, possibly rights have not been exercised at the end of the auction of unexercised rights, which will be held after the period of the subscription, for a maximum amount equal to the value of the option offer. The eyes are focused, however, on the historical shareholders of Unicredit and on their commitment to adhere to the subscription of new securities
UniCredit, an increase from 13 billion
Sale Telecom after plan, down Leonardo and Mediaset
the Vibrant Telecom Italia after the accounts of the fourth quarter, which showed an ebitda of 2.14 billion on revenues of 5,09 billion, and the directions of the plan in 2019, with investments of 11 billion. In the drop-down right from the start Mediasetdopo statements of Tarak Ben Ammar, board member of Vivendi, but a long time close to the Berlusconi family, according to which at the moment the dialogue between Cologno Monzese and Paris on the reorganization of the group tv Italian would be interrupted. Down Leonardo – Finmeccanica : according to The Sun 24 Hours has stalled the sale of the 25% of the jv missile Mbda to Airbus.
Speculation on the fall on the General, absent all of the bank
Speculation in the drop-down to General and after that Intesa Sanpaolo has made it clear that there is an upcoming operation on the company in trieste: according to what emerged during the weekend, the insurance group would be reconsidering the defensive purchase of 3% of Intesa Sanpaolo made a few weeks ago to limit the margins of manoeuvre of the potential buyer. Red many of a bank start-the-Counter, Bpm and Banca Pop Er down, and also the Ubi Bank. Took benefit on Salvatore Ferragamo Friday to the highest since a year and a half after the presentation of the plan to 2020 the new ceo Eraldo Poletto.
Btp: yield salt at 2.29%, the spread widens to 187 points
this Start of the week in a net upside for the spread BTp/Bund after the recovery put up a sign last Friday. The yield differential between the ten-year benchmark Italian (Isin IT0005210650) and the same expiry date, the German has opened at 187 basis points (from 180 of the closing of Friday), and then extended again to 189 points, the highest since November. The yield on ten-year Italian and uphill to 2.29% from 2,24% of the final closing.
On the currency market, the euro in a slight correction on the ticket green Usa. The exchange rate stood at 1,0753 from 1,0782 Friday evening. Oil is set to rise slightly to +0.3% to 54 dollars per barrel for the contract, Wti march.
(Il Sole 24 Ore Radiocor Plus)
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