The game of risk between Italian banks continues and, in fact, it is becoming increasingly tight. The hand today is of Caltagirone which, according to the latest findings, Consob, now holds 5,3% of the capital of Soul Holding, therefore increasing compared to the previous 3,2%. The Roman publisher and builder had entered the capital of the sgr for the first time in May 2022. It should not be forgotten that Caltagirone himself had also a few days ago increased its position in Montepaschi, rising from 3,5 to 5%.
Summary of previous episodes
The Milanese SGR led by Alessandro Melzi d'Eril with its tempting portfolio of managed savings is at the centre of players' interests. At the beginning of November, the historic partner and distributor of Anima, Bpm bank, Has launched a takeover bid of 1,6 billion on the company to integrate it into the group. A few days later Anima invested in privatization of Mps buying another 3% from the Treasury together with other Italian partners such as Caltagirone himself, Banco and Delfin, the holding company of the Del Vecchio family with the idea loved by the government of creating a third banking hub alternative to Intesa Sanpaolo and Unicredit. Orcel himself then proposed a oops on the 10,1 billion Banco Bpm at the end of November at a price that did not satisfy the shareholders of Piazza Meda, while the government unsheathed the sword of golden power. Last Friday instead the Crédit Agricole has increased its potential stake in Piazza Meda to 15,1% with the aim of reaching 19,9% after the ECB's approval. Credit Agricole would agree to approve the merger of Banco Bpm with Mps, allowing itself to be diluted and returning to the initial 10%, it writes today Republic, reporting the thoughts gathered from sources close to the government.
