Ente Cassa di Risparmio di Firenze is a foundation originated from Cassa di Risparmio di Firenze. The foundation was the minority shareholders of
Banca CR Firenze S.p.A. (until 2015) as well as the 5th largest shareholders of
Intesa Sanpaolo
Intesa Sanpaolo Società per azioni, S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a ...
, for 2.615% (414,655,221 as of 31 December 2015, a net increase from 410,855,221 at 31 December 2014).
As of 31 December 2014 the ''ente'' also owned 14% of
Aeroporto di Firenze, which became part of
Toscana Aeroporti in 2015.
The ''ente'' was the major shareholders of the bank of the same name (
Banca Cassa di Risparmio di Firenze), which was sold to
Intesa Sanpaolo
Intesa Sanpaolo Società per azioni, S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a ...
in 2008.
It had a shareholders' equity of €1,317,497,954 at 31 December 2014. Due to a reform in bank foundation, which requires foundations to invest at most 33% on a single company, the ''ente'' sold part of its stake in
Intesa Sanpaolo
Intesa Sanpaolo Società per azioni, S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a ...
in 2015.
On 22 May 2014 the ''ente'' made a put option with Intesa Sanpaolo to sell the remain 10.26% stake in Banca CR Firenze. The put option was excised on 29 April 2015 for €182.5 million.
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References
External links
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1992 establishments in Italy
Organizations established in 1992
Intesa Sanpaolo
Banca CR Firenze
Banking foundations based in Italy
Organisations based in Florence
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