Italy - Factors to watch on December 4

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

POLITICS

Italy's electoral law is unconstitutional, its top court ruled on Wednesday, piling pressure on political parties to reform a system blamed for creating parliamentary deadlock.

COMPANIES

TELECOM ITALIA

Brazil antitrust watchdog Cade ruled on Wednesday that Spain's Telefonica SA must exit its direct and indirect stake in wireless carrier TIM Participações SA or seek a new partner for its Vivo mobile phone unit.

An activist shareholder campaign to reform Telecom Italia won traction on Wednesday as influential proxy adviser ISS recommended institutional investors back a proposal to remove the company board at a meeting on Dec. 20.

The company's board meets on Thursday with report from legal adviser on Brazil.

ENI

Italian oil and gas group Eni and its Chief Executive Paolo Scaroni reiterated on Wednesday they had played no part at all in alleged corruption in Algeria.

Iran on Wednesday named seven Western oil companies it wants back in its vast oil and gas fields if international sanctions are lifted and said it would outline investment terms in April next year. They include Eni.

Egypt promised on Wednesday to pay $1.5 billion of the $6 billion it says it owes foreign oil companies, aiming to restore investor confidence in an economy damaged by nearly three years of political turmoil.

GENERALI

The Italian insurer said on Wednesday that shareholders of Generali Deutschland Holding had approved the squeeze out resolution it had requested.

BANCA VENETO, BANCA INTERMOBILIARE

Italy's Veneto Banca is planning to sell its controlling stake in Banca Intermobiliare as part of measures to strengthen the regional lender's capital base.

VERSACE

Italy's state-backed fund Fondo Strategico Italiano, one of the bidders for a minority stake in Versace, is willing to put in an offer valuing the whole fashion house at 1.1 billion euros, people familiar with the issue said.

GREENITALY1

Company operating in the green economy, holds news conference to present bourse listing (0900 GMT).

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

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...... IT-LEN

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:...............................

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