After having invested before in $1COV (-0,15%) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (+0,87%) 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 (-4,15%) Unicredit stakebuilding in both $ALPHA (-3,76%) Alphabank & $CBK (-6,04%) Commerzbank and a failled attempt to acquire $BAMI (-4,25%) Banco BPM. We saw $BMPS (-1,45%) Monte dei Pachi acquire $MB (-1,76%) Mediobanca. $BPE (-5,35%) Bper Banca merge with $BPSO (-5,53%) and rumored to be on the wishlist of Unicredit.
Denmark is consolidating but could be still more ongoing:
A recent merger of $SYDB (-2,62%) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.
In Spain
We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (-3,31%) Banco Bilbao of $SAB (-0,39%) Banco Sabadell.
The Netherlands:
$ING (-2,06%) ING taking a substantial stake in $VLK (-0,92%) Van Lanschot Kempen.
$ABN (-3,08%) 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 (-5,35%) - Bper Banca - Italy
$BAMI (-4,25%) - Banca BPM - Italy
$ABN (-3,08%) - ABN Amro Bank - Netherlands
$ALPHA (-3,76%) - Alpha Bank - Greece
$JYSK (-2,12%) - Jyske Bank - Denmark
$ALR (-3,91%) - Ailor Bank - Poland
Any other alternatives, or opinions about this idea, I'm happy to read!
