Native name Capitalia S.p.A. Fate absorbed by UniCredit Founded 1 July 2002 Defunct 2007 | Industry Financial services Headquarters Rome, Italy Successor UniCredit | |
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Former type listed Società per Azioni Predecessor Banca di Roma Group
Bipop Carire Group Key people Cesare Geronzi (President)
Paolo Savona (Vice-President)
Paolo Cuccia (Vice-President)
Matteo Arpe (CEO) | ||
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Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana (Milan Stock Exchange). The bank was acquired by UniCredit by issuing news shares of UniCredit for shares of Capitalia.
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Capitalia
History
Capitalia was formed on 1 July 2002 in a merger of Banca di Roma (and its subsidiary Banco di Sicilia and Mediocredito Centrale) and Bipop Carire (and its subsidiary Fineco). In the same year the bank sold 10 branches from Apulia, Campania and Molise regions to Banca Popolare di Puglia e Basilicata.
Capitalia in turn agreed to be taken over by UniCredit in May 2007, becoming part of the second-largest bank in the European Union by stock market value and the sixth-largest in the world.
Merger with UniCredit
In May 2007, plans were finalized for the buyout of Capitalia by its larger Italian rival, UniCredit. All banks of the Capitalia group in Northern Italy will be reconfigured as UniCredit banks; in turn, all Unicredit banks in the rest of Italy will be reconfigured as either Banca di Roma banks (rest of mainland Italy and Sardinia) or as Banco di Sicilia banks (in Sicily only).
Group members
As of 31 December 2006Shareholders
As of 31 December 2006- 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%)