Cassa di Risparmio di Lucca Pisa Livorno

CR Lucca Pisa Livorno
Native name
 Cassa di Risparmio di Lucca Pisa Livorno
Predecessor Cassa di Risparmio di Lucca
Cassa di Risparmio di Pisa
Cassa di Risparmi di Livorno
Founded 1835 (Lucca)
2006 (merger)
Headquarters Lucca, Italy
Owner Banco Popolare
Parent Banco Popolare
Website Official website

Cassa di Risparmio di Lucca Pisa e Livorno was an Italian saving bank based in Lucca. It was a subsidiary of Banco Popolare and currently a sub-division (under BPL) and brand of the group.

History

Cassa di Risparmio di Lucca

Cassa di Risparmio di Lucca was found in the Duchy of Lucca on 9 July 1835. Due to Legge Amato, a S.p.A. that runs bank activity, and a banking foundation that runs charity activities, were formed on 7 April 1992 (gazetted on 29 April).[1][2] The foundation immediately sold about 51% shares to a intermediate holding company Holding Casse Toscane (literally Tuscan saving banks), which also consist of the saving bank (Italian: Cassa di Risparmio) of Florence, Livorno, Pisa, Pistoia, San Miniato as well as Banca del Monte di Lucca. CR Lucca received about 18% shares of the holding, making the foundation hold about 49% shares of their own bank directly, or about 58.18% directly.[1]

In 1995, CR Pisa, Livorno, Lucca and Banca Monte Lucca quit the union and formed Holding Casse del Tirreno (literally Tyrrhenian saving banks).[3][4]

Banco Popolare era

In 1999 the three saving banks became part of Banca Popolare di Lodi, with the foundation of CR Lucca retained 49.66% shares. In 2000s, Banca Popolare di Lodi started the internal reorganization of ownership structure (In 2000 Casse del Tirreno was a subsidiary of Istituto di Credito delle Casse di Risparmio Italiane (ICCRI), which in turn a subsidiary of Bipielle Partecipazioni, a subsidiary of Banca Popolare di Lodi; in 2001 Casse del Tirreno was absorbed into ICCRI;[5] in 2002 Bipielle Retail became the new intermediate holding company; in 2003 Pisa and Livorno started to become a subsidiary of Lucca, while Lucca was a subsidiary of Reti Bancarie) In 2005 Pisa and Livorno were whole owned subsidiaries of Lucca, while Lucca was a subsidiary of Banca Popolare di Lodi through direct (20.93%) and indirect ownership (BPL owned 73.52% shares of Reti Bancarie; Reti Bancarie owned 46.28% shares of Lucca).[6]

Merger of CR Lucca, Pisa and Livorno

In 2006 Pisa and Livorno were absorbed into the Saving Bank of Lucca, as well as renamed into Cassa di Risparmio di Lucca Pisa Livorno. In 2007 it became a member of Banco Popolare. Banco Popolare acquired the minority interest of CR Lucca Pisa Livorno SpA from the banking foundation of Pisa in 2008 (foundation excised of a put option), and from Livorno in 2011. The bank group also swapped the shares of Credito Bergamasco with the banking foundation of CR Lucca in 2010, as well as paid €156,363,203 in cash, by the foundation excising the put option.[7] After the transactions, Banco Popolare became 100% owner of the shares, which turned the company into a division of the bank group. The last annual report of the bank shown the company had a shareholders equity of €1.197 billion on 31 December 2010.[8]

Banking foundations

Fondazione Cassa di Risparmio di Lucca is the second largest shareholders of Banco Popolare (2.891%), behind BlackRock which actually a proxy for clients.[9] The foundation also owned 20% of Banca del Monte di Lucca, as well as a minority ownership in Cassa Depositi e Prestiti. It had an art collection.

Fondazione Pisa and Fondazione Livorno did not kept Banco Popolare as their investments.

See also

other bank from the provincial capital of Tuscany

References

  1. 1 2 "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Lucca" (in Italian). Italian Republic Official Gazette. 29 April 1992. Retrieved 28 February 2016.
  2. ↑ "origine e missione" (in Italian). Fondazione Cassa di Risparmio di Lucca. Retrieved 4 February 2016.
  3. ↑ "CASSE TOSCANE - S.p.a." (in Italian). Italian Republic Official Gazette. 4 September 1995. Retrieved 26 February 2016.
  4. ↑ "La Storia: La Cassa di Risparmio" (in Italian). Fondazione Pisa. Retrieved 5 February 2016.
  5. ↑ "Comunicato stampa - BFE, siglato accordo di fusione holding Casse del Tirreno" (in Italian). Soldi Online. 29 March 2001. Retrieved 4 February 2016.
  6. ↑ "Bilanci 2005" (in Italian). Banca Popolare di Lodi. Retrieved 4 February 2016.
  7. ↑ "Banco Popolare: siglato il closing con la Fondazione Cassa di Risparmio di Lucca" (in Italian). Banco Popolare. 5 July 2010. Retrieved 13 February 2016.
  8. ↑ "Documenti Bilancio 2010" (in Italian). Banco Popolare. 2011. Retrieved 9 February 2016.
  9. ↑ "Azionisti rilevanti di BANCO POPOLARE SOCIETA' COOPERATIVA" (in Italian). CONSOB. 3 February 2016. Retrieved 4 February 2016.

External links

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