After having invested before in $1COV (+0.3%) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (-0.24%) Banca IFIS with a 10% discount.

I'm now thinking to invest in further banking consolidation. Since there seems to be a wave of banking consolidations coming up both cross board and within individual European countries.

Italy shows:

$UCG (-0.88%) Unicredit stakebuilding in both $ALPHA (+1.03%) Alphabank & $CBK (-2.34%) Commerzbank and a failled attempt to acquire $BAMI (-1.78%) Banco BPM. We saw $BMPS (+1%) Monte del Pachi acquire $MB (-1.08%) Mediobanca. $BPE (-1.71%) Bper Banca merge with $BPSO (-1.22%) and rumored to be on the wishlist of Unicredit.

Denmark is consolidating but could be still more ongoing:

A recent merger of $SYDB (-4.56%) Sydbank, Arbejdernes Landsbank & $VJBA (+0%) Vestjysk Bank.

In Spain

We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (-0.73%) Banco Bilbao of $SAB (-1.51%) Banco Sabadell.

The Netherlands:

$ING (-0.85%) ING taking a substantial stake in $VLK (-1.45%) Van Lanschot Kempen.

$ABN (-3.26%) Doing several take overs in Germany and buying the trading app Bux and rumoured to be bought themselves.

When thinking this through I see a potential for take over but, if it won't happen there is still good dividends to be earned. Therefore there is less of a need of a quick turn around.

I'm now looking for a "smaller" bank that traded and a likely take over candidate.

Where would you invest?

$BPE (-1.71%) - Bper Banca - Italy

$BAMI (-1.78%) - Banca BPM - Italy

$ABN (-3.26%) - ABN Amro Bank - Netherlands

$ALPHA (+1.03%) - Alpha Bank - Greece

$JYSK (+0.18%) - Jyske Bank - Denmark

$ALR (+0.55%) - Ailor Bank - Poland

Any other alternatives, or opinions about this idea, I'm happy to read!