Cassa di Risparmi di Livorno

CR Livorno
Native name
 Cassa di Risparmio di Livorno
Private company (S.p.A.) and non-profit legal person (Bank foundation)
Industry Bank
Fate merger (S.p.A. only)
Founded 4 April 1836 (1836-04-04)
14 May 1992 (1992-05-14) (Fondazione and S.p.A.)
Defunct 2006 (S.p.A. only)
Headquarters Livorno, Italy
Parent Banca Popolare di Lodi (S.p.A. only)

Cassa di Risparmi di Livorno is a former Italian regional bank and charity organization, based in Livorno, Tuscany. The bank section (S.p.A.) of the organization was sold to Banca Popolare di Lodi, which was completed absorbed into the saving bank of Lucca in 2006 (along with fellow saving bank in Pisa). The entity that owned the S.p.A. since 14 May 1992, known as Fondazione Cassa di Risparmi di Livorno (currently Fondazione Livorno), still operates as a non-profit organization.[1]

Bank

After 1990s Italian banking reform, the saving bank (Italian: Cassa di Risparmio) of Livorno, Florence, Lucca, Pisa Pistoia, San Miniato as well as Banca del Monte di Lucca, formed a loose bank union: Holding Casse Toscane (literally Tuscan saving banks).

Casse del Tirreno era

In 1996, CR Livorno, Pisa, Lucca and Banca Monte Lucca quit the union and formed Holding Casse del Tirreno (literally Tyrrhenian saving banks).[2] In 1999, CR Pisa, Livorno and Lucca were acquired by Banca Popolare di Lodi.

Banca Popolare di Lodi era

In 2000 CR Livorno had 47 branches. At that time Casse del Tirreno owned 57.64% shares of CR Livorno SpA (the rest held by the foundation). Istituto di Credito delle Casse di Risparmio Italiane acted as a intermediate holding company (ICCRI, a subsidiary of Bipielle Partecipazioni, another intermediate holding company) that owned 50.01% Casse del Tirreno. However, CR Livorno SpA also owned 0.19% of Casse del Tirreno.[3] In 2001 Casse del Tirreno was absorbed into ICCRI – Banca Federale Europea (ex-ICCRI), which still hold 57.64%% shares; Bipielle Partecipazioni remained as a intermediate holding company of ICCRI.[4] In 2002 Bipielle Retail became the new intermediate holding company.[5] In 2003, through CR Lucca SpA, Banca Popolare di Lodi privatized CR Livorno SpA.[6] The Foundation of CR Livorno owned 5.73% shares of CR Lucca SpA instead (based on 2005 share capitals). In 2006 CR Livorno SpA was completely absorbed into CR Lucca SpA, which the latter was renamed into CR Lucca, Pisa & Livorno SpA. At the same time the foundation sold most of the shares of CR Lucca SpA (5.047%) to Banca Popolare di Lodi, for €65,826,356.44 (retained 0.68% only).[7] The last annual report of CR Livorno SpA shown the bank had a shareholders equity of €293.480 million on 31 December 2005.[8]

Bank Foundation

Livorno Foundation, as of 31 December 2014, is the minority shareholders of Cassa Depositi e Prestiti (0.10%), CDP Reti (0.03%), Banco di Lucca e del Tirreno (10%), Enel, Intesa Sanpaolo, UniCredit, Terna Group, Hera Group, Snam, Électricité de France, Engie, Enagás and Atlantia. The foundation had a shareholders equity of €213,224,012 on 31 December 2014.[9]

On 16 December 2011 the foundation sold the remain 0.68% shares of CR Lucca, Pisa e Livorno S.p.A. to Banco Popolare for about €7.8 million (about €1.63 per shares).[10][11]

See also

other bank from the provincial capital of Tuscany

References

  1. ↑ "Origini" (in Italian). Fondazione Livorno. Retrieved 5 February 2016.
  2. ↑ "La Storia: La Cassa di Risparmio" (in Italian). Fondazione Pisa. Retrieved 5 February 2016.
  3. ↑ "Bilanci 2000" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  4. ↑ "Bilanci 2001" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  5. ↑ "Bilanci 2002" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  6. ↑ "Bilanci 2003" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  7. ↑ "BILANCIO CONSUNTIVO DELL'ESERCIZIO 1.01.2006 - 31.12.2006" (PDF) (in Italian). Fondazione Livorno. 29 May 2007. Retrieved 5 February 2016.
  8. ↑ "Bilanci 2005" (in Italian). Banca Popolare di Lodi. Retrieved 5 February 2016.
  9. ↑ "BILANCIO CONSUNTIVO ESERCIZIO 01.01.2014 - 31.12.2014" (PDF) (in Italian). Fondazione Livorno. 29 April 2015. Retrieved 5 February 2016.
  10. ↑ "BILANCIO CONSUNTIVO ESERCIZIO 1.01.2011 - 31.12.2011" (PDF) (in Italian). Fondazione Livorno. 8 May 2012. Retrieved 5 February 2016.
  11. ↑ "Relazione Finanziaria Annuale - Esercizio 2011" (PDF) (in Italian). Banco Popolare. 11 April 2012. Retrieved 5 February 2016.

External links

This article is issued from Wikipedia - version of the Thursday, February 11, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.