We are currently simplifying our group structure in order to focus on specialist banking services. We have therefore sold almost all of our non-strategic investments and exited shareholders’ agreements.
Starting in June 2013, when we presented our 2014-2016 business plan, we have sold equity investments totalling about 2 billion euro generating gains of about 700 million euro. The aim is to strengthen our operations in specialised areas of banking that have a low capital intensity and generate high recurring income.
Our main investment today is the Generali stake; it will be reduced to a 10% stake in accordance with our current business plan.
THE TABLE SHOWS OUR MAIN EQUITY INVESTMENTS (DECEMBER 2018)
(AVAILABLE FOR SALE)
|RCS Media Group||6.6||39||18|
|Private equity Funds||65||n.m.1|
|Other listed equities||14||4|
1) Not misurable (equity-accounted)