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Standard & Poor’s will make the following changes in the S&P/MIB Index, effective using opening prices on Monday 2 July 2007:
- Banco Popolare – Societa Cooperativa (Italy, ISIN: TBC) will replace Banco Popolare di Verona e Novara (Italy, ISIN: IT0003262513), in the S&P/MIB Index, following the merger of the latter with Banca Popolare Italiana. The number of shares outstanding will be 669,829,726 the pre-capped Investable Weight Factor will be 1 and it will be added to the S&P/MIB GICS (Global Industry Classification Standard) “Diversified Banks” sub-industry.
- Impregilo SpA , (Italy, ISIN IT0003865570) will replace Banca Popolare Italiana (Italy, ISIN IT0000064300, GICS: Financials) in the S&P/MIB Index, following the merger of the latter with Banco Popolare di Verona e Novara. Impregilo SpA number of shares outstanding is 401,474,813, the pre-capped Investable Weight Factor is 0.701 and it will be added to the S&P/MIB GICS (Global Industry Classification Standard) “Construction & Engineering” sub-industry.
The merger remains subject to the signing of the merger deed and its registration.
Following is a summary of the announced changes:
|
S&P/MIB – 2 July 2007 |
|||||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|||
|
ADDED |
Banco Popolare – Societa Cooperativa |
Financials |
Diversified Banks |
||
|
ADDED |
Impregilo SpA |
Industrials |
Construction & Engineering |
||
|
DELETED |
Banco Popolare di Verona e Novara |
Financials |
Diversified Banks |
||
|
DELETED |
Banca Popolare Italiana |
Financials |
Diversified Banks |
||
Due to the extraordinary nature of this event, the S&P/MIB Index Capping will be adjusted, effective using opening prices on Monday 2 July.
The new capped IWFs are outlined below:
|
Stock Name |
IWF |
Capping Factor |
New Capped IWF |
ISIN |
GICS |
|
AEM SPA |
52.5% |
1.013839 |
53.2266% |
IT0001233417 |
Utilities |
|
Alitalia |
50.1% |
1.013839 |
50.7933% |
IT0003918577 |
Industrials |
|
Alleanza Assicurazioni |
49.6% |
1.013839 |
50.2864% |
IT0000078193 |
Financials |
|
Assicurazioni Generali SpA |
84.1% |
1.013839 |
85.2639% |
IT0000062072 |
Financials |
|
Atlantia SpA |
47.8% |
1.013839 |
48.4615% |
IT0003506190 |
Industrials |
|
Autogrill SpA |
42.9% |
1.013839 |
43.4937% |
IT0001137345 |
Consumer Discretionary |
|
Banca Monte dei Paschi di Siena SpA |
51.0% |
1.013839 |
51.7058% |
IT0001334587 |
Financials |
|
Banca Popolare di Milano Scrl |
100.0% |
1.013839 |
101.3839% |
IT0000064482 |
Financials |
|
Banco Popolare |
100.0% |
1.013839 |
101.3839% |
TBC |
Financials |
|
Bulgari SpA |
48.0% |
1.013839 |
48.6643% |
IT0001119087 |
Consumer Discretionary |
|
Buzzi Unicem |
45.7% |
1.013839 |
46.3325% |
IT0001347308 |
Materials |
|
Capitalia SpA |
56.9% |
1.013839 |
57.6875% |
IT0003121495 |
Financials |
|
Enel SpA |
67.8% |
1.013839 |
68.7383% |
IT0003128367 |
Utilities |
|
ENI SpA |
62.2% |
0.998837 |
62.1276% |
IT0003132476 |
Energy |
|
Fastweb |
17.9% |
1.013839 |
18.1477% |
IT0001423562 |
Telecommunication Services |
|
FIAT Spa |
64.7% |
1.013839 |
65.5954% |
IT0001976403 |
Consumer Discretionary |
|
Finmeccanica SpA |
67.6% |
1.013839 |
68.5355% |
IT0003856405 |
Industrials |
|
Fondiaria SAI |
54.1% |
1.013839 |
54.8487% |
IT0001463071 |
Financials |
|
Gruppo Editoriale L'Espresso SpA |
36.7% |
1.013839 |
37.2079% |
IT0001398541 |
Consumer Discretionary |
|
Impregilo SpA |
70.1% |
1.013839 |
71.0701% |
IT0001074589 |
Industrials |
|
Intesa Sanpaolo SpA |
81.8% |
1.013839 |
82.9320% |
IT0000072618 |
Financials |
|
Italcementi SpA |
39.4% |
1.013839 |
39.9453% |
IT0001465159 |
Materials |
|
Lottomatica SpA |
40.1% |
1.013839 |
40.6550% |
IT0003990402 |
Consumer Discretionary |
|
Luxottica SPA |
30.1% |
1.013839 |
30.5166% |
IT0001479374 |
Consumer Discretionary |
|
Mediaset SpA |
64.4% |
1.013839 |
65.2912% |
IT0001063210 |
Consumer Discretionary |
|
Mediobanca SpA |
51.8% |
1.013839 |
52.5169% |
IT0000062957 |
Financials |
|
Mediolanum SpA |
30.3% |
1.013839 |
30.7193% |
IT0001279501 |
Financials |
|
Mondadori (Arnoldo) Editore SpA |
42.6% |
1.013839 |
43.1896% |
IT0001469383 |
Consumer Discretionary |
|
Parmalat SpA |
94.7% |
1.013839 |
96.0106% |
IT0003826473 |
Consumer Staples |
|
Pirelli & C. SPA |
46.8% |
1.013839 |
47.4477% |
IT0000072725 |
Industrials |
|
Saipem SPA |
57.1% |
1.013839 |
57.8902% |
IT0000068525 |
Energy |
|
Seat Pagine Gialle SPA |
49.9% |
1.013839 |
50.5906% |
IT0003479638 |
Consumer Discretionary |
|
Snam Rete Gas |
42.4% |
1.013839 |
42.9868% |
IT0003153415 |
Utilities |
|
ST Microelectronics NV (Italy) |
72.5% |
1.013839 |
73.5033% |
NL0000226223 |
Information Technology |
|
Telecom Italia SPA |
76.8% |
1.013839 |
77.8629% |
IT0003497168 |
Telecommunication Services |
|
Tenaris |
39.6% |
1.013839 |
40.1480% |
LU0156801721 |
Energy |
|
Terna SPA |
63.9% |
1.013839 |
64.7843% |
IT0003242622 |
Utilities |
|
UBI Banca ScpA |
100.0% |
1.013839 |
101.3839% |
IT0003487029 |
Financials |
|
UniCredito Italiano SpA |
100.0% |
0.941144 |
94.1144% |
IT0000064854 |
Financials |
|
Unipol – Ordinary Shs |
49.2% |
1.013839 |
49.8809% |
IT0001074571 |
Financials |
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 20 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
