Italy - Factors to watch on Feb. 26

The following factors could affect Italian markets on Wednesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on IT/DIA.

ECONOMY

Italy is claiming 12.5 million euros ($13 million) from Elon Musk's social network X following a tax probe running parallel to one into Meta META.O, four sources with direct knowledge of the matter said, the latest move in a potential test case for the tech sector in Europe.

DEBT

Treasury sells 2.0 billion euros 12-month BOT bills due May 14, 2025 and 2.0 billion euros 6-month BOT bills due July 31, 2025. Subscriptions close at 1000 GMT.

COMPANIES

STELLANTIS STLAM.MI

(*) The automaker said on Wednesday it would return to revenue growth and positive cash generation in 2025 as it scrambles to recover from a crisis which engulfed its U.S. business late last year and knocked its share price.

Conference call (1300 GMT).

(*) NEXI NEXII.MI

Italy's government, aiming to revive the fortunes of the country's foremost payments company, is reluctant to explore a potential tie-up with Worldline, sources said, as Rome expects France would oppose the job cuts needed to make a deal work.

(*) Banca Popolare di Sondrio BPSI.MI, BPER EMII.MI

Banca Popolare di Sondrio's board on Tuesday appointed BofA Securities and Morgan Stanley as financial advisors and Gatti Pavesi Bianchi Ludovici and Clifford Chance as legal advisors, for the voluntary public exchange bid by BPER.

(*) ENEL ENEI.MI

Alphabet GOOGL.O unit Google's refusal to let an Enel e-mobility app access its Android Auto platform can be considered an abuse of its market power, Europe's top court said on Tuesday in a ruling that could force Big Tech to make it easier for rivals to operate on their platforms.

In 2021, Italy's antitrust authority fined Google 102 million euros ($106.7 million) for blocking utility group Enel's JuicePass on Android Auto, software that allows drivers to navigate with maps on their car dashboards and send messages while behind the wheel.

SAIPEM SPMI.MI

The Italian oilfield services company said on Tuesday it forecast revenue of at least 15 billion euros in 2028, as it reported its preliminary full-year 2024 results.

The company will hold a conference call on its preliminary FY results and 2025-2028 strategic plan at 1130 GMT.

PIRELLI & C PIRC.MI

Releases preliminary FY results, followed by conference call (1730 GMT).

(*) MARR MARR.MI

Berenberg said on Wednesday it initiated coverage of the shares with a 'Buy' rating, with a target price of 13.60 euros.

(*) SS LAZIO LAZI.MI

Inter Milan manager Simone Inzaghi praised his team's performance in Tuesday's 2-0 win at home to Lazio in the Coppa Italia quarter-finals but stressed the importance of his players managing their energy levels for the matches ahead.

DIARY

Economy Minister Giancarlo Giorgetti and Bank of Italy Governor Fabio Panetta attend G20/G7 ministerial meeting in Cape Town, South Africa (to Feb. 27).

Rome, Prime Minister Giorgia Meloni meets Swedish counterpart Ulf Kristersson (1100 GMT).

Rome, Industry Minister Adolfo Urso addresses Chamber of Deputies Environment and Industry committees on the role of nuclear energy in the energy transition and decarbonisation process (1230 GMT).

Rome, Industry Minister Adolfo Urso attends Italian-German Chamber of Commerce meeting on "Industry and competitiveness: what scenarios after the German elections?" (1600 GMT).

Rome, event on "Hydroelectricity: a value for Italy" (0830 GMT); Environment and Energy Security Minister Gilberto Pichetto Fratin delivers introductory address and European Affairs and National Recovery Resilience Plan (NRRP) Minister Tommaso Foti delivers closing address.

Rome, Environment and Energy Security Minister Gilberto Pichetto Fratin delivers closing address at conference on "The Italian system for reconciling air transport with the environment" (1045 GMT).

Milan, Edison EDNn.MI holds news conference to present Edison energy unit development plan with Edison CEO Nicola Monti, unit Edison Energia CEO Massimo Quaglini (1000 GMT).

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))

For Italian market data and news, click on codes in
brackets:

20 biggest gainers (in percentage).............PG.MI

20 biggest losers (in percentage)..............PL.MI

FTSE IT allshare index .FTITLMS

FTSE Mib index........ .FTMIB

FTSE Allstars index... .FTSTAR

FTSE Mid Cap index.... .FTITMC

Block trades.......... .BLK.MI

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in
brackets:

European Equities speed guide...................EUR/EQUITY

FTSEurofirst 300 index...............................FTEU3

DJ STOXX index.......................................STOXX

Top 10 STOXX sectors............................PGL.STOXXS

Top 10 EUROSTOXX sectors.......................PGL.STOXXES

Top 10 Eurofirst 300 sectors....................PGL.FTEU3S

Top 25 European pct gainers........................PG.PEUR

Top 25 European pct losers.........................PL.PEUR

Main stock markets:

Dow Jones................DJI Wall Street report ......N

Nikkei 225..............N225 Tokyo report.............T

FTSE 100................FTSE London report............L

Xetra DAX..............GDAXI Frankfurt market stories.F

CAC-40..................FCHI Paris market stories....PA

World Indices.....................................0#.INDEX

Reuters survey of world bourse outlook.........EQUITYPOLL1

Western European IPO diary..........................WEUIPO

European Asset Allocation........................EUR/ASSET

Reuters News at a Glance: Equities...............TOP/EQE

Main currency report:...............................FRX/