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 .
DEBT
Treasury sells 6.5 billion euros 6-month BOT bills. Subscriptions close at 0900 GMT.
COMPANIES
SAIPEM
The Italian oil contractor slashed its guidance for the year on Tuesday as it booked writedowns of 929 million euros and announced a restructuring plan that includes 8,800 job losses as it cuts costs to counter falling oil prices.
* Barclays cuts price target to 10.70 euros from 10.90 euros, rating equal weight; JP Morgan cuts price target to 7.83 euros from 8.40 euros, rating underweight; Citigroup cuts price target to 8.20 euros from 9 euros, rating neutral; Nomura cuts price target to 5.40 euros from 5.90 euros; rating reduce
ITALCEMENTI
HeidelbergCement agreed to buy control of Italcementi in a deal that values its smaller Italian rival at 6.7 billion euros, less than three weeks after Holcim and Lafarge completed their $44 billion cement mega-merger.
The Italian cement maker holds board meeting on H1 results.
FIAT CHRYSLER
A judge in the state of Georgia has reduced a $150 million award to $40 million for the family of a young boy killed when the 1999 Jeep Grand Cherokee in which he was riding was rear-ended and burst into flames, according to orders released on Tuesday.
* Socgen raises price target to 14 euros from 11.8 euros; rating hold
* CEO Sergio Marchionne is expected present a detailed review of potential tie-up options at Thursday's board meeting on results, Il Sole 24 Ore said citing a report in Detroit News naming as possible candidates General Motors, Volkswagen and Renault-Nissan.
TELECOM ITALIA
The Italian phone company is to bolster its Brazilian unit with the addition of a chief operating officer to help revive sales and get the company in shape ahead of possible industry consolidation, two people with direct knowledge of the matter told Reuters.
* Italy's communications regulator AGCOM has set wholesale prices phone companies will have to pay to Telecom Italia to access its nationwide copper and fiber network for the period 2014-2017, the regulator said in a statement on Tuesday.
* SNAM
The gas grid company forecast flat gas demand in Italy this year as its first-half net profit rose 9.1 percent to 612 million euros.
FINCANTIERI
Italian Prime Minister Matteo Renzi won backing from the Senate on Tuesday to keep open a shipyard operated by the state-controlled Fincantieri, which prosecutors had ordered partially closed on environmental concerns.
* Goldman Sachs cuts price target to 0.69 euros from 0.72 euros, rating neutral
ACEA
The utility reported revenue at 1.44 billion euros ($1.59 billion) in the first half, down 4.6 percent year on year. Net profit was at 99.3 million euros, up 23.4 percent year on year.
ANSALDO STS, FINMECCANICA
The railway signaling company reported on Tuesday first-half revenues of 632.4 million euros, up 8.8 percent year on the year. Net profit was 39.3 million euros, up 8.4 percent.
Finmeccanica said on Tuesday it had amended the contract to sell its 40 percent stake in Ansaldo STS to Hitachi to help speed up the closing of the deal. The change envisages that a Ansaldo STS shareholder meeting to close the deal may already be held on Oct 1. It also said its six representatives on Ansaldo STS's board have tendered their resignation which will become effective at the deal close.
* Hitachi Rail CEO Alastair Dormer expects to finalise the acquisition of Ansaldo in the fourth quarter and said clearance from China's competition watchdog was still pending, according to some newspapers.
EI TOWERS
The group said on Tuesday that its net profit rose 5.6 percent to 20.3 million euros in the first half.
Conference call on H1 results (0800 GMT).
CNH INDUSTRIAL
Board meeting on Q2 and H1 results, followed by conference call (1300 GMT).
ENEL GREEN POWER
Board meeting on H1 results, followed by conference call (1530 GMT).
MONCLER
Board meeting on H1 results, followed by conference call (1600 GMT).
RECORDATI
Board meeting on H1 results, followed by conference call (1400 GMT).
INWIT
Conference call with analysts on H1 results (1400 GMT).
EDISON
Board meeting on H1 results.
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