La Cassa di Ravenna

La Cassa di Ravenna S.p.A., formerly Cassa di Risparmio di Ravenna S.p.A. and Cassa di Risparmio di Ravenna, is an Italian savings bank based in Ravenna, Emilia-Romagna. The bank also has branches in Ancona, Gabicce Mare and Rome.

History

Since the bank reform due to Legge Amato in 1991,[2] the bank was split into a società per azioni and a non-profit banking foundation "Fondazione Cassa di Risparmio di Ravenna".

In 2016, the minority shareholders of subsidiary Argentario, including Assicurazioni Generali (for 13.50%),[3] accepted the plan to sell their shares of Argentario to the bank, for 16.191 shares of Argentario to 1 share of the bank.[4] The bank paid the minority shareholders by treasury shares. The bank owned 98.24% shares of the intermediate holding company, increasing from 82.30%.[5]

Subsidiaries

  • Banco di Lucca e del Tirreno
  • Italcredi (70.00%)
  • Sorit (76.05%)
  • Banca di Imola
  • Consultinvest Asset Management SGR (Joint venture, 50.00%)
  • former
  • Argentario (ex-Società Finanziaria di Banche Romagnole)

Former equity interests

See also

References

  1. Cenni Storici La Cassa di Ravenna, retrieved 2 February 2016^
  2. Approvazione del progetto di ristrutturazione presentato da La Cassa di Ravenna Italian Republic Official Gazette, 24 January 1992, retrieved 24 April 2017^
  3. Management Report and Parent Company Financial Statements Proposal 2014 Generali, 7 April 2015, retrieved 24 April 2017^
  4. 2016 Bilancio consolidato La Cassa di Ravenna, 7 April 2017, retrieved 24 April 2017^
  5. 2015 BILANCIO CONSOLIDATO La Cassa di Ravenna, 27 April 2016, retrieved 10 May 2016^