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Despite the increase in infections, especially in the United States and the United Kingdom, the Milan Stock Exchange closed positively today after the news that the green light from the EMA (the European Medicines Agency) for the vaccine could arrive before Christmas.
The agency announced that the decisive meeting was moved forward from December 29 to 21 “after receiving new data»About the vaccine developed and manufactured by Pfizer and BioNTech
At the close, the Eurodollar barely moved to 1.21527 (+ 0.08%) while the Brent future, having recovered its initial losses, rose to 50.7 dollars per barrel (+ 0.9%).
Milan Stock Exchange today, update at 17:40: Ftse Mib in rialto, STMicroelectronics in evidence
The best performance of the Ftse Mib, which stopped at 21,935.05 points (+ 0.81%), was recorded by the stock of STMicroelectronics (+ 4.25%). Money also in Mediobanca (+ 3.29%) and in CNH Industrial (+ 3.15%), promoted by Deutsche Bank as a “purchase” of the previous “hold”.
Atlantia also did well (+ 3.03%), which yesterday fell more than 6 percentage points. The Board of Directors of the holding company approved the spin-off of 33% of ASPI’s share capital and transfer of the remaining 55% to Autostrade Concessioni e Costruzioni to be listed on the Stock Exchange with the simultaneous exit of Atlantia from its capital through the sale to a stable nucleus of shareholders that will be identified before March 31, 2021.
Red by 2 percentage points of Pirelli (-1.98%) that yesterday placed a interest-free bond loan of senior unsecured interest linked to equities for € 500 million due in 2025.
To facilitate hedging operations, the Joint Global Coordinators have carried out accelerated book creation process on Pirelli shares at 4.3 euros (today the share closed at 4.4 euros).
Negative sign for the spread, which fell 2.9% to 109 basis points.
Update at 1pm: Ftse Mib, Pirelli stock sales
At 1pm the Ftse Mib is confirmed at 21,769.61 points (+ 0.04%), the Dax rises 0.62% and the Cac40 gains a quarter of a percentage point.
1% contraction for the spread at 111 basis points.
In the basket of blue chips in the Milanese financial center, the worst performance is the prerogative of Pirelli (-3.07%).
The company has placed a interest-free bond loan of senior unsecured participation, guaranteed and linked to equities for 500 million maturing in 2025. The conversion price will be € 6,235 per share, incorporating a 45% premium over the reference price (€ 4.3).
But, to facilitate hedging operations, the Joint Global Coordinators have conducted a accelerated book creation process on Pirelli shares at 4.3 euros (at the moment the share is 4.354 euros).
Spectacular trend of Atlantia (+ 1.62%) after the approval of the Board of Directors of the holding spin-off of 33% of ASPI’s share capital and transfer of the remaining 55% to Autostrade Concessioni e Costruzioni to be listed on the Stock Exchange with the simultaneous exit of Atlantia from its capital through the sale to a stable nucleus of shareholders that will be identified before March 31, 2021.
Future Wall Street: Positive Open Expected
Two and a half hours after the start of trading, the Dow Jones derivative registered + 0.53%, that of the S & P500 advanced 0.58% and the Nasdaq future rose 0.4%.
Update 9:25 am: Ftse Mib, Pirelli shares in the spotlight
In Piazza Affari the basket of blue chips, the Ftse Mib, changes hands without changes in the first operations to 21,750.62 points (-0.04%) while the differential stood at 113 basis points (+ 0.35%).
At the beginning, the Dax marked + 0.33%, the Cac40 advanced 0.27% and the London Ftse100 registered -0.2%.
An increase of one percentage point for Atlantia, which yesterday fell more than 6 percentage points. The Board of Directors of the holding company approved the spin-off of 33% of ASPI’s share capital and transfer of the remaining 55% to Autostrade Concessioni e Costruzioni to be listed on the Stock Exchange with the simultaneous exit of Atlantia from its capital through the sale to a stable nucleus of shareholders that will be identified no later than March 31, 2021.
“The sale of the entire 88% (directly) or 55% (indirectly after the spin-off and transfer) of ASPI, which ensures in both cases the transfer of legal control of the company, is aimed at both Cassa Depositi e Prestiti and other investors national and international institutions ”, informs the note of the company.
Substantial parity for Telecom Italia (+ 0.05%) which announced that the offer presented by TIM SA together with Telefônica Brasil and Claro has been awarded the competitive sale process for the purchase of mobile operations of the Oi Group.
The total value of the transaction amounts to 16.5 billion reais (approximately 2.7 billion euros) To which is added the consideration offered to the Oi Group, of approximately 819 million reais (approximately 134 million euros), as Net Present Value (NPV) for the Take-or-Pay Data Transmission Capacity Contracts.
TIM Brasil will participate in the transaction with an investment of approximately 7,300 million reais (approximately 1,200 million euros), to be paid at closing and 476 million reais corresponding to TIM Brasil’s participation in the net present value (NPV) of the Contracts.
Less than 3.4% of Pirelli. The company has placed a interest-free bond loan of senior unsecured participation linked to equities of € 500 million maturing in 2025. The conversion price will be € 6,235 per share, incorporating a 45% premium over the reference price (€ 4.3).
“In order to facilitate hedging operations by the bond subscribers, the Joint Global Coordinators carried out, simultaneously with the placement of the bonds, the simultaneous CD accelerated book creation process on ordinary shares of the issuer at a placement price of 4.3 euros per ordinary share “.
Asian stocks closed weak
Hong Kong’s Hang Seng index posted -0.71%, the China A50 ended -0.12% and the Nikkei closed -0.17%.
Similar performance for the Australian S & P / ASX 200 index (-0.43%).
Wall Street: closing around parity
Yesterday’s session on Wall Street closed with the Dow Jones falling 0.62%, the S & P500 0.44% and the Nasdaq that ended the session with an increase of half a percentage point in the round.
