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Italy - Factors to watch on Oct. 12

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The following factors could affect Italian markets on Friday.

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

EURO ZONE CRISIS

The euro zone's rescue fund, the European StabilityMechanism (ESM), should be rapidly given the possibility torecapitalise banks directly as soon as a new system of banksupervision is in place, Italy's Prime Minister said onThursday.

The governor of Lombardy refused to resign over a wideninggraft scandal on Thursday but said he would appoint a newgovernment for Italy's wealthiest and most populous region,adding to political disarray six months from general elections.

* FINMECCANICA The defence group mulls a possible tie-up with Thales

and will present a project on this at a meeting withthe government on Oct. 16, MF says without quoting sources.

ENI

Italian oil and gas group Eni expects its operations inAfrica, including its jumbo find in Mozambique, to underpinlong-term growth as it presses ahead with plans to shift itsfocus to exploration and production.

CAMFIN PIRELLI

The board of the holding approved on Thursday the issueanceof five-year convertible bonds in Pirelli shares for up 150million euros to reimbourse 132.4 million euros of maturing debtand support financial interventions for Prelios.

PRELIOS

Loss-making property manager Prelios has chosen Italianconsortium Feidos over U.S. fund Fortress for exclusivetalks on a rescue deal.

UNIPOL

Italian insurer Unipol has lodged an appeal againstconditions laid down by the country's competition watchdog toclear its planned takeover of peer Fondiaria-SAI tocreate Italy's No.2 player.

GEOX

The shoemaker has signed a partnership agreement withdistributor RI Qing in China as part of its internationalexpansion plans, the company said in an emailed statement onThursday.

Geox said it plans to open 100 stores in Beijing an Shanghaiby 2016, and 30 stores in Hong Kong and Macau by 2014.

* CAMFIN , PIRELLIItalian holding company Cafmin , which controlstyremaker Pirelli , said on Friday it launched afixed-rate 150 million euro ($194.14 million) bond convertibleinto 5.85 percent of Pirelli shares. * IMPREGILO

The Italian cabinet is set to decide next week whether topay a 300 million euro reimbursement to Impregilo for cancellingthe building of a planned bridge over the Messina Streit, IlSole 24 Ore reports.

CELL THERAPEUTICS

Company says has closed proposed public offering preferredshares worth $60 million. Net proceeds after fees andcommissions will be $55.6 million.

((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,milan.newsroom@news.reuters.com))

For Italian market data and news, click on codes inbrackets:

20 biggest gainers (in percentage)............ 20 biggest losers (in percentage)............. FTSE IT allshare index FTSE Mib index........ FTSE Allstars index... FTSE Mid Cap index.... Block trades.......... Stories on Italy...... For pan-European market data and news, click on codes in

brackets:

European Equities speed guide...................

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

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

Top 10 STOXX sectors...........................

Top 10 EUROSTOXX sectors......................

Top 10 Eurofirst 300 sectors...................

Top 25 European pct gainers.......................

Top 25 European pct losers........................

Main stock markets:

Dow Jones............... Wall Street report .....

Nikkei 225............. Tokyo report............

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

Xetra DAX............. Frankfurt market stories

CAC-40................. Paris market stories...

World Indices.....................................

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

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

European Asset Allocation........................

Reuters News at a Glance: Equities...............

Main currency report:...............................

Keywords: ITALY FACTORS/