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. Our main investment today is the Generali stake. The aim is to strengthen our operations in specialised areas of banking that have a low capital intensity and generate high recurring income.
THE TABLE SHOWS OUR MAIN EQUITY INVESTMENTS (DECEMBER 2019)
|Other listed equities||114||64|
|Other unlisted equitie||77||14|
1) Ass. Generali is equity-accounted, while seed capital and private equity holdings are recognized at FVTPL