Capitalia
| Company type | Public company |
|---|---|
| Industry | Financial services |
| Founded | July 1, 2002 |
| Defunct | 2008 |
| Fate | Acquired by UniCredit |
| Headquarters | Rome , Italy |
Area served | Italy |
| Products | Retail banking, commercial banking, investment banking, asset management |
Capitalia was an Italian financial conglomerate based in Rome, active between 2002 and 2008. It was publicly traded on the Borsa Italiana (Milan Stock Exchange) before being absorbed by UniCredit via a share swap.
History
On 1 July 2002, Capitalia was formed through the consolidation of Banca di Roma (including its subsidiaries Banco di Sicilia and Mediocredito Centrale) with Bipop Carire (which owned Fineco). That same year, the group divested 10 branches located in Apulia, Campania, and Molise to Banca Popolare di Puglia e Basilicata.
In May 2007, Capitalia consented to a takeover by UniCredit, resulting in the creation of the second-largest banking institution within the European Union by market value and ranking sixth worldwide.
Merger with UniCredit
The acquisition of Capitalia by its larger Italian competitor, UniCredit, was finalized in May 2007. Following this, Capitalia’s operations in Northern Italy were rebranded under the UniCredit name, while UniCredit's branches in other parts of Italy were restructured to operate under Banca di Roma (covering mainland Italy and Sardinia) or Banco di Sicilia (serving Sicily).
Group members
- Retail banking entities:
- Banca di Roma
- Banco di Sicilia
- Bipop Carire
- FinecoBank (holding a 99.99% interest)
- Commercial, investment, and merchant banking units:
- Capitalia Merchant S.p.A.
- Capitalia Partecipazioni S.p.A.
- Capitalia Sofipa SGR S.p.A.
- Capitalia Asset Management SGR S.p.A.
- Capitalia Investimenti Alternativi SGR S.p.A. (95% owned; FinecoBank holds 5%)
- Capitalia Luxembourg S.A. (99.99% ownership)
- Eurofinance 2000
- FinecoLeasing S.p.A. (99.99% stake)
- Fineco Finance Limited
- Fineco Mutui S.p.A. (subsidiary under FinecoBank)
- Fineco Verwaltung
- Fondi Immobiliari Italiani SGR (51.55% ownership)
- IRFIS – Mediocredito della Sicilia (76.25%, controlled by Banco di Sicilia)
- Immobiliari Piemonte (a subsidiary of MCC)
- Mediocredito Centrale
- Shared service companies:
- Capitalia Informatica S.p.A.
- Capitalia Service JV S.r.l.
- Capitalia Solutions (51% ownership)
- Minority holdings:
- Fineco Assicurazioni S.p.A. (49%)
- CNP Capitalia Vita S.p.A. (Capitalia holds 16.92%, Fineco Verwaltung owns 21.88%)
- Italpetroli (49% via Banca di Roma)
- Roma 2000 (held through Italpetroli)
- A.S. Roma (controlled via Roma 2000)
- Roma 2000 (held through Italpetroli)
- Investors with stakes exceeding 2%:
- ABN AMRO Group (8.59%)
- Fondazione Cassa di Risparmio di Roma (5.02%)
- Fondazione Manodori (4.13%)
- Fondiaria-Sai Group (3.51%)
- Sicily Region (2.84%)
- Fondazione Banco di Sicilia (2.73%)
- Libyan Foreign Bank (2.58%)
- Assicurazioni Generali (2.35%)
- Tosinvest (2.10%)