After having invested before in $1COV (-0,17%) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (+3,12%) 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 (+2,53%) Unicredit stakebuilding in both $ALPHA (+5,42%) Alphabank & $CBK (+1,26%) Commerzbank and a failled attempt to acquire $BAMI (-0,77%) Banco BPM. We saw $BMPS (+4,19%) Monte dei Pachi acquire $MB (+0,81%) Mediobanca. $BPE (+1,67%) Bper Banca merge with $BPSO (+1,1%) 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 (+1,1%) Banco Bilbao of $SAB (+1,53%) Banco Sabadell.
The Netherlands:
$ING (+0%) ING taking a substantial stake in $VLK (+0,95%) Van Lanschot Kempen.
$ABN (+2,14%) 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 (+1,67%) - Bper Banca - Italy
$BAMI (-0,77%) - Banca BPM - Italy
$ABN (+2,14%) - ABN Amro Bank - Netherlands
$ALPHA (+5,42%) - Alpha Bank - Greece
$JYSK (+0,56%) - Jyske Bank - Denmark
$ALR (+1,33%) - Ailor Bank - Poland
Any other alternatives, or opinions about this idea, I'm happy to read!
