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Cassa di Risparmio di Carpi

From Alfawiki
Cassa di Risparmio di Carpi
Company typeS.p.A. (after 1992)
IndustryBanking
Founded1843
Defunct2005
FateMerged into UniCredit
SuccessorUniCredit
Headquarters
Carpi
,
Italy
Area served
Italy
ProductsRetail banking
ParentUniCredit (from 2003)

Cassa di Risparmio di Carpi was an Italian retail banking institution headquartered in Carpi, located within the Province of Modena, Emilia-Romagna. In 2005, the bank was integrated into UniCredit, while its philanthropic entity continues to operate under the name Fondazione Cassa di Risparmio di Carpi.

History

Established in 1843 in Carpi, which at the time was part of the Duchy of Modena and Reggio, the bank underwent a division on 24 January 1992, resulting in the creation of Cassa Risparmio Carpi S.p.A. and Fondazione Cassa di Risparmio di Carpi. The foundation transferred a 20% ownership stake to Casse Emiliano Romagnole—equivalent to 2 million shares with a par value of 10,000 lire as of 1993—thus becoming a minority investor in the holding company.

In the year 2000, control shifted predominantly to Rolo Banca following acquisitions from the foundation (37%), Cardine Banca (17.32%), as well as a public tender offer (19.49%). Subsequently, in 2003, the foundation divested its remaining 26.1% shareholding to UniCredit for €98 million.

By 2005, Cassa di Risparmio di Carpi had been completely merged into UniCredit.

Banking foundation

As reported on 31 December 2015, Fondazione Cassa di Risparmio di Carpi possessed net assets amounting to €285 million. The foundation retained minority equity positions in several significant financial entities, including Cassa Depositi e Prestiti (0.0964%), CDP Reti (0.0941%), UniCredit (0.0285%), the Bank of Italy (0.2000%), and Banca Popolare Etica.

See also

External links

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