After having invested before in $1COV (-0,05%) with the aim to be acquired by Adnoc/XRG and another investment in $ILTY Illimity Bank in Italy giving access to $IF (+0,48%) 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 (+0,72%) Unicredit stakebuilding in both $ALPHA (-0,62%) Alphabank & $CBK (+2,25%) Commerzbank and a failled attempt to acquire $BAMI (+0,81%) Banco BPM. We saw $BMPS (-0,8%) Monte dei Pachi acquire $MB (-0,31%) Mediobanca. $BPE (+1,05%) Bper Banca merge with $BPSO (+1,15%) and rumored to be on the wishlist of Unicredit.
Denmark is consolidating but could be still more ongoing:
A recent merger of $SYDB (-0,78%) Sydbank, Arbejdernes Landsbank & $VJBA Vestjysk Bank.
In Spain
We've seen a major but failed attempt to forget about the Spanish attempt of $BBVA (+0,86%) Banco Bilbao of $SAB (+2,52%) Banco Sabadell.
The Netherlands:
$ING (+0%) ING taking a substantial stake in $VLK (+0,59%) Van Lanschot Kempen.
$ABN (+2,46%) 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 (+1,05%) - Bper Banca - Italy
$BAMI (+0,81%) - Banca BPM - Italy
$ABN (+2,46%) - ABN Amro Bank - Netherlands
$ALPHA (-0,62%) - Alpha Bank - Greece
$JYSK (+0,08%) - Jyske Bank - Denmark
$ALR (+1,46%) - Ailor Bank - Poland
Any other alternatives, or opinions about this idea, I'm happy to read!
