August 13, 2022

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Italiana Stock Exchange, commenting on today’s session (July 8, 2022)

In the positive area, after a few notable start performance, Avary Square and the main stock exchanges of the old continent. In Milan, all eyes are on Telecom Italia and MFE

in the positive area, After the start with a few notable offers, Avary Square and the main stock exchanges of the old continent. In Milan, all eyes are on Telecom Italia and MFE.

It’s 2.15 pm The FTSEMib index rose 0.82% to 21,734 points While the stock rose by 0.86% to 23,803 points. Mid Cap (+1.48%) and Star (+0.89%) shares also rose.

In Piazza Avary in parity Telecom Italia TIM (Unchanged) yesterday held the capital market. The phone group aims to separate fixed network infrastructure assets (NetCo) from services (ServiceCo with TIM Consumer, TIM Enterprise and TIM Brasil). Management’s objectives from this reorganization also include debt reduction. With the network deconsolidation, it will be reduced by about 11 billion while for the services part, the goal will be to drop below 5.

Best Title for FTSEMib SaipemAn increase of 10.25% over the tenth day of the capital increase.

Also good Leonardoup 3.16% Tenaris (+1.51%). Signed the group Final Contract to Acquisition of Benteler Steel & Tube Manufacturing By Bentler North America. The bid value is set to $460 million in cash and no debts. The amount includes working capital of $52 million. The closure is expected, under previous usual conditions, by the fourth quarter of 2022.

in red Italian Post (-2.61%). UBS analysts decided to downgrade the stock from “buy” to “neutral”, and lowered the target price from €13 to €8.7. According to the Swiss broker, a difficult macroeconomic context can weigh heavily on a company’s accounts.

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Shop on MFEMEDIAFOREUROPE (+2.99%). The television group has released the results of the OPAS launched in recent months on Spanish company Mediaset Espana. After the offer, the company will own just under 260 million shares in MES, representing 82.92% of its share capital.