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!