After having invested before in $1COV (+0,1 %) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (+1,72 %) 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 (+0,39 %) Unicredit stakebuilding in both $ALPHA (-0,34 %) Alphabank & $CBK (+2,3 %) Commerzbank and a failled attempt to acquire $BAMI (+1,93 %) Banco BPM. We saw $BMPS (+2,79 %) Monte dei Pachi acquire $MB (+1,83 %) Mediobanca. $BPE (+1,46 %) Bper Banca merge with $BPSO (+1,9 %) and rumored to be on the wishlist of Unicredit.
Denmark is consolidating but could be still more ongoing:
A recent merger of $SYDB (+1,97 %) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.
In Spain
We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (+0,46 %) Banco Bilbao of $SAB (+1,8 %) Banco Sabadell.
The Netherlands:
$ING (+2,76 %) ING taking a substantial stake in $VLK (+2,25 %) Van Lanschot Kempen.
$ABN (+1,03 %) 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 (+1,46 %) - Bper Banca - Italy
$BAMI (+1,93 %) - Banca BPM - Italy
$ABN (+1,03 %) - ABN Amro Bank - Netherlands
$ALPHA (-0,34 %) - Alpha Bank - Greece
$JYSK (+0,91 %) - Jyske Bank - Denmark
$ALR (+1,28 %) - Ailor Bank - Poland
Any other alternatives, or opinions about this idea, I'm happy to read!
