After having invested before in $1COV (+0,34 %) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (+1,4 %) 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 (+3,68 %) Unicredit stakebuilding in both $ALPHA (+4,18 %) Alphabank & $CBK (+3,33 %) Commerzbank and a failled attempt to acquire $BAMI (+1,3 %) Banco BPM. We saw $BMPS (+1,15 %) Monte dei Pachi acquire $MB (+0,84 %) Mediobanca. $BPE (+2,12 %) Bper Banca merge with $BPSO and rumored to be on the wishlist of Unicredit.
Denmark is consolidating but could be still more ongoing:
A recent merger of $SYDB (+0,97 %) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.
In Spain
We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (+3,62 %) Banco Bilbao of $SAB (+2,42 %) Banco Sabadell.
The Netherlands:
$ING (+3,42 %) ING taking a substantial stake in $VLK (-1,97 %) Van Lanschot Kempen.
$ABN (+3,47 %) 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 (+2,12 %) - Bper Banca - Italy
$BAMI (+1,3 %) - Banca BPM - Italy
$ABN (+3,47 %) - ABN Amro Bank - Netherlands
$ALPHA (+4,18 %) - Alpha Bank - Greece
$JYSK (+2,29 %) - Jyske Bank - Denmark
$ALR (+1,88 %) - Ailor Bank - Poland
Any other alternatives, or opinions about this idea, I'm happy to read!
