*** Welcome to piglix ***

Reti Bancarie

Reti Bancarie
Holding company
Founded 2003
Defunct 2006
Headquarters Lucca, Italy
Owner Banca Popolare di Lodi
Parent Banca Popolare di Lodi
Website Official website

Reti Bancarie S.p.A. was an intermediate holding company of Banca Popolare di Lodi Group (aka Bipielle; BPL). BPL's subsidiary reverse takeover listed company Banco di Chiavari e della Riviera Ligure in 2003. in 2006 it was absorbed into BPL.

On 21 January 2003 BPL acquired the controlling interests (69.62% or 48,735,000 of 70 million shares) of Banco di Chiavari e della Riviera Ligure (BCRL) from Banca Intesa for €405 million, as well as absorbed their banking activities. BPL offered €7 per shares of BCRL to other shareholders. On 30 June 2003 BPL's sub-holding company Bipielle Retail (which BPL owned 55.46% plus an additional 34.45% through Bipielle Investimenti), owned 87.26% shares of BCRL. In the same year BCRL reversed merger with Bipielle Retail, effectively listed the retail banks in Borsa Italiana. The registered office of the company also relocated to Lucca, Tuscany, as Reti Bancarie Holding S.p.A.. The company held the following retail banks: Banca Popolare di Crema (95.01%), Banca Popolare di Cremona (94.81%), Banca Popolare di Mantova (56.35%), Banca Valori (77.70%), Bipielle Società di Gestione del Credito (70% directly; 30% held by CR Lucca), Bipielle International Holding (90%; including Bipielle Bank (Suisse), Bipielle International UK and Bipielle Servizi), Cassa di Risparmio di Lucca (56.99%; including CR Livorno and CR Pisa) and Banca Caripe (51%). At the end of 2003 financial year the company had a shareholders equity of €1.316 billion compare to €216 million as BCRL. After the reversed merger, BPL owned 79.23% shares of Reti Bancarie as at 31 December 1993. The company also reduced its share capitals from €36.4 million to about €17 million, or a net reduction of 37,352,597 shares (from 70 million to 32,647,403).


...
Wikipedia

...