After having invested before in $1COV (+0,08 %) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (+0,16 %) 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 (+1,39 %) Alphabank & $CBK (+0,07 %) Commerzbank and a failled attempt to acquire $BAMI (-1,46 %) Banco BPM. We saw $BMPS (-1,79 %) Monte dei Pachi acquire $MB (-2,23 %) Mediobanca. $BPE (-2,88 %) Bper Banca merge with $BPSO (-3,55 %) and rumored to be on the wishlist of Unicredit.

Denmark is consolidating but could be still more ongoing:

A recent merger of $SYDB (-3,74 %) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.

In Spain

We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (-2,86 %) Banco Bilbao of $SAB (-1,32 %) Banco Sabadell.

The Netherlands:

$ING (-3,95 %) ING taking a substantial stake in $VLK (-0,51 %) Van Lanschot Kempen.

$ABN (-3,72 %) 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 (-2,88 %) - Bper Banca - Italy

$BAMI (-1,46 %) - Banca BPM - Italy

$ABN (-3,72 %) - ABN Amro Bank - Netherlands

$ALPHA (+1,39 %) - Alpha Bank - Greece

$JYSK (-1,7 %) - Jyske Bank - Denmark

$ALR (+0,34 %) - Ailor Bank - Poland

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