After having invested before in $1COV (-0.92%) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (-0.61%) 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 boarder and within individual European countries.

Italy shows:

$UCG (+1.06%) Unicredit stakebuilding in both $ALPHA (+2%) Alphabank & $CBK (+1.36%) Commerzbank and a failled attempt to acquire $BAMI (+2.11%) Banco BPM. We saw $BMPS (+2.36%) Monte dei Pachi acquire $MB (+0.32%) Mediobanca. $BPE (-0.25%) Bper Banca merge with $BPSO (+0.25%) and rumored to be on the wishlist of Unicredit.

Denmark is consolidating but could be still more ongoing:

A recent merger of $SYDB (+0.55%) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.

In Spain

We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (+2.41%) Banco Bilbao of $SAB (+0.19%) Banco Sabadell.

The Netherlands:

$ING (+1.65%) ING taking a substantial stake in $VLK (-0.93%) Van Lanschot Kempen.

$ABN (+0.35%) Doing several take overs in Germany and buying the trading app Bux and rumored 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 (-0.25%) - Bper Banca - Italy

$BAMI (+2.11%) - Banca BPM - Italy

$ABN (+0.35%) - ABN Amro Bank - Netherlands

$ALPHA (+2%) - Alpha Bank - Greece

$JYSK (+0.69%) - Jyske Bank - Denmark

$ALR (+0.9%) - Ailor Bank - Poland

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