IFI, Pininfarina and Popolare di Milano: Italy Equity Preview

By Alessandra Migliaccio

Aug. 24 (Bloomberg) -- The following companies may have unusual price changes in Italy. Stock symbols are in parentheses, and share prices are from the previous close.

Italy's S&P/MIB Index rose 332, or 1.2 percent, to 28,090. Futures expiring in September gained 281, or 1 percent, to 28,125.

Pininfarina SpA (PINF IM): The owners of the Italian car- design company plan to reduce their stake to about 30 percent, Il Messaggero reported, without saying where it got the information. The reduction will take place before the end of the year, the newspaper said.

Pininfarina added 15 cents, or 2.3 percent, to 6.4 euros.

Banca Popolare di Milano SpA (BPM IM): The Italian regional bank was given an extra two weeks, until Sept. 12, to make changes to its corporate governance suggested by the Bank of Italy, Corriere della Sera reported, without saying where it got the information.

Popolare di Milano rose 24 cents, or 3.8 percent, to 6.6 euros.

IFI SpA (IFP IM): Amber Capital LP sold 6.2 percent of the Italian holding company back to the Agnelli family for 130 million euros ($192 million), La Repubblica reported, without citing anyone.

IFI gained 1.1 euros, or 9.2 percent, to 13.5 euros.

To contact the reporter on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net