It was opened there data room by Carige by the Interbank Deposit Protection Fund (Fidt) which holds 80% of the capital of the Genoese institute. In pole position, as already told by Affaritaliani.it, there would be BancoBpm, which aims to increase its critical mass to avoid being “annexed” from acquisitions campaign of UniCredit that Andrea Orcel would be ready to launch in the fall.
Giuseppe Castagna, according to some rumors, he would have no intention of seeing his role downsized and, after the end of negotiations with Bper for a joint merger, now it could turn to Carige to bring 1,800 branches closer and increase assets is give itself a decidedly more massive dimension. Although some financial sources specify that Piazza Meda is looking for a great fusion and the Ligurian group would therefore be below the target.
R.removing Carige would cost between 1.2 and 1.3 billion according to analysts. The Genoese institute, after the well-known vicissitudes, is now one bank restored, with a low risk profile but with a profitability still to be built, considering that the return to profit is expected only from 2023.
The results as of December 31st speak of over 22 billion in total assets it’s a direct deposits on 15 billion. Employees are 3,454. And so all ready for a Lombard-Ligurian wedding?
Not at all. Meanwhile, why the Banco will have to contend with the Credem, Bper and Crédit Agricole to be able to grab the Genoese institute. And then because there is one sword of Damocles not indifferent that hangs on Carige’s head.
Vittorio Malacalza in person, and the Malacalza investments which gathers 44 other strong partners, he did lawsuit both to the ECB and to the Ligurian bank. And the requests are creepy. The ECB was asked for 875 million in damages for an attitude that is substantiated “in an overall illegal and prejudicial conduct”.
Carige itself, on the other hand, received a request of just under 500 million (486.6 million). On a deal like that of the Genoese credit institution it would mean a dramatic chain reaction. First, in case of defeat in both cases, it would mean at the very least double the amount to put on the table to buy Carige.