ARCA Fondi SGR

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ARCA Fondi SGR
Native name
ARCA Fondi S.p.A. SGR
joint venture
Industry Financial services
Founder ARCA
Headquarters 3 via Disciplini, Milan, Italy
Key people
  • Guido Cammarano (chairman)
  • Ugo Loser (CEO)
Services Asset management
Increase €27,727,110 (2015)
Total assets Increase €325,707,754 (2015)
Total equity Increase €206,598,091 (2015)
Owner
Website www.arcaonline.it
Footnotes / references
in consolidated basis[1]

ARCA Fondi S.p.A. SGR is an Italian asset management company (Italian: Società di Gestione del Risparmio) based in Milan, Lombardy region. The company was founded in 1983 by ARCA, an alliance of 8 People's Banks, namely Banca Antoniana, Banca Popolare Commercio e Industria, Banca Popolare di Crema, Banca Popolare di Cremona, Banca Popolare di Lodi and Banca Popolare Veneta. In 1989 ARCA joined with North East Group to form ARCA – Nort Est, adding Banca Agricola Mantovana, Banca Popolare di Bergamo, Banca Popolare dell'Emilia, Banca Popolare di Sondrio (BPSO), Banca Popolare di Verona and Banca Popolare di Vicenza (BPVi) to the alliance.[2][3] ARCA Vita was a sister company of ARCA SGR.

Mergers and Acquisitions[edit]

In 2013, Carige Asset Management SGR was acquired from Banca Carige for €101 million.[4]

Shareholders[edit]

As at 31 December 2015, the company was still owned by three former members of the alliance, namely Banca Popolare dell'Emilia Romagna (32.752%; bought part of Banco Popolare's stake in 2015 for €59.2 million[5]), Banca Popolare di Sondrio (21.137%; bought part of Banco Popolare's stake in 2015 for €36.3 million[5]), Banca Popolare di Vicenza (19.999%), as well as Veneto Banca (19.999%), Banca Popolare del Lazio (1.804%), Sanfelice 1893 Banca Popolare (1.536%), Banca Valsabbina (1.511%), Banca Popolare Valconca (0.620%), Banca Agricola Popolare di Ragusa (0.320%), Banca di Piacenza (0.256%) and Banca Popolare di Fondi (0.006%).[6]

In 2012 UBI Banca (along with subsidiary Banca Popolare di Ancona) withdrew their investment (26.708% stake) in ARCA SGR.[7] BPSO acquired an additional 7.034% stake that year (to 12.906%), as well as BPVi acquired an additional 9.07% stake (to 19.99%); BPER sold 0.182% stake in order to decrease the stake to below 20% (to 19.998%).

References[edit]

  1. ^ "2015 Bilancio Consolidato" (PDF) (in Italian). ARCA SGR. 6 May 2016. Retrieved 22 May 2016. 
  2. ^ "PER LE DODICI POPOLARI DI ARCA-NORDEST NUOVI UFFICI ALL' ESTERO". La Repubblica (in Italian). 16 June 1989. Retrieved 23 April 2016. 
  3. ^ "banche popolari: 12 istituti in gruppo arca nordest" (in Italian). Agenzia Giornalistica Italia. 8 June 1989. Retrieved 23 April 2016. 
  4. ^ "BANCA CARIGE ED ARCA SGR FIRMANO IL CONTRATTO PER LA CESSIONE DI CARIGE ASSET MANAGEMENT SGR" (PDF) (in Italian). Banca Carige. 30 December 2013. Retrieved 23 April 2016. 
  5. ^ a b "Banco Popolare: sale of equity interest in Arca Sgr completed" (PDF). Banco Popolare. 22 December 2015. Retrieved 6 May 2016. 
  6. ^ "Compagine Sociale" (in Italian). ARCA SGR. Retrieved 6 May 2016. 
  7. ^ "The UBI Banca Group withdraws from the capital of Arca SGR" (PDF). UBI Banca. 14 March 2012. Retrieved 6 May 2016. 

External links[edit]