By Chiara Remondini
Nov. 16 (Bloomberg) -- The following companies' shares may have unusual price changes in Italy. Stock symbols are in parentheses and prices are from the previous close.
Italy's benchmark S&P/MIB Index rose 417, or 2 percent, to 20,831.
A2A SpA (A2A IM): Italy's largest municipal utility may have earnings before interest, tax, depreciation and amortization of about 1.1 billion euros ($1.39 billion) this year, Il Sole 24 Ore wrote in its weekly ``Letter to Investors,'' without saying where it got the information. The stock rose 1.1 percent to 1.58 euros.
Banco Popolare Scarl (BP IM): The Italian lender will decide whether to pay a dividend in March because ``there are too many variables'' at the moment, Chief Executive Officer Fabio Innocenzi told Il Sole 24 Ore. The bank indicated the dividend will vary between zero and the amount paid out the previous year, when it was 60 euro cents, according to the newspaper. The stock fell 0.3 percent to 8.14 euros.
ERG SpA (ERG IM): The controlling investor of Italy's biggest exporter of oil products may consider delisting the shares, Chairman Edoardo Garrone told Il Sole 24 Ore. The stock rose 3.8 percent to 11.52 euros.
Finmeccanica SpA (FNC IM): Pier Francesco Guarguaglini, chairman and chief executive officer of Italy's largest defense company is set to speak at the National Railway Industry Conference. The shares rose 1.9 percent to 9.15 euros.
Intesa Sanpaolo SpA (ISP IM): Romain Zaleski's holding company, Carlo Tassara SpA, will sell its stake in Italy's second- biggest bank, il Messaggero reported. Tassara will also sell holdings in Mediobanca SpA (MB IM) and Assicurazioni Generali SpA (G IM), the newspaper said. Intesa rose 0.9 percent to 2.41 euros, Mediobanca fell 0.8 percent to 8.95 euros, and Generali gained 0.6 percent to 19.31 euros.
Parmalat SpA (PLT IM): Italy's largest dairy company cut its annual profit and sales forecasts. Parmalat, the maker of Zymil low-lactose milk, also said nine-month profit soared on proceeds from settling lawsuits against banks that allegedly contributed to its collapse in 2003. The shares fell 0.5 percent to 1.28 euros.
Stefanel SpA (STEF IM): An Italian clothing maker posted a pretax loss of 18.3 million euros in the first nine months of the year, compared with a pretax profit of 6.3 million euros. Sales fell 15 percent to 207.7 million euros. The stock declined 2.6 percent to 40.9 euros cents.
Telecom Italia SpA (TIT IM): Brandes Investment Partners LLC, a U.S. investment company, has cut its 4 percent stake in Italy's biggest phone company, daily La Stampa reported, citing a Securities & Exchange Commission filing. The stock rose 4.5 percent to 1.02 euros.
To contact the reporters on this story: Chiara Remondini in Milan at cremondini@bloomberg.net
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