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 (+0,9%) 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 (+0,46%) Unicredit stakebuilding in both $ALPHA (+0,56%) Alphabank & $CBK (+0,43%) Commerzbank and a failled attempt to acquire $BAMI (+0,7%) Banco BPM. We saw $BMPS (+0,29%) Monte dei Pachi acquire $MB (+0,44%) Mediobanca. $BPE (-2,96%) 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 (+0,28%) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.
In Spain
We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (+0,27%) Banco Bilbao of $SAB (+2,35%) Banco Sabadell.
The Netherlands:
$ING (+1,57%) ING taking a substantial stake in $VLK (-2,41%) Van Lanschot Kempen.
$ABN (+1,08%) 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 (-2,96%) - Bper Banca - Italy
$BAMI (+0,7%) - Banca BPM - Italy
$ABN (+1,08%) - ABN Amro Bank - Netherlands
$ALPHA (+0,56%) - Alpha Bank - Greece
$JYSK (+0,26%) - Jyske Bank - Denmark
$ALR (-0,79%) - Ailor Bank - Poland
Any other alternatives, or opinions about this idea, I'm happy to read!
