Cassa di Risparmi di Livorno is a former Italian regional bank and charity organization, based in Livorno, Tuscany. In 1992 the organization was split into a limited company (

società per azioni ''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi ...

) and a banking foundation ''Fondazione Cassa di Risparmi di Livorno'' (currently Fondazione Livorno). The S.p.A. was sold to

Banca Popolare di Lodi Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di Lo ...

, which was completed absorbed into the saving bank of Lucca, Pisa & Livorno in 2006 (along with fellow saving bank in

Pisa Pisa ( , or ) is a city and ''comune'' in Tuscany, central Italy, straddling the Arno just before it empties into the Ligurian Sea. It is the capital city of the Province of Pisa. Although Pisa is known worldwide for its leaning tower, the cit ...

). Livorno Foundation, found 1992, still operates as a non-profit organization.

History

Cassa di Risparmi di Livorno was found on 4 April 1836. Due to

Legge Amato Legge is a surname. Notable people with the surname include: *Alexander Legge (1866–1933), US businessman, president of International Harvester * Anthony Legge (1939–2013), British archaeologist specialized in zooarchaeology *Arthur Kaye Legge ...

, on 7 April 1992, the bank was split into Cassa di Risparmi di Livorno S.p.A. and Fondazione Cassa di Risparmi di Livorno (gazetted on 29 April). The foundation immediately sold about 52.25% shares of the company to an intermediate holding company Holding

Casse Toscane Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007. History Cassa di Risparmio di Firenze (The Saving Bank of Florence) was fou ...

(literally ''Tuscan saving banks''), which was formed by the saving bank ( it, Cassa di Risparmio) of Livorno,

Florence Florence ( ; it, Firenze ) is a city in Central Italy and the capital city of the Tuscany region. It is the most populated city in Tuscany, with 383,083 inhabitants in 2016, and over 1,520,000 in its metropolitan area.Bilancio demografico an ...

, Lucca,

, Pistoia & Pescia, San Miniato as well as

Banca del Monte di Lucca Banca del Monte di Lucca S.p.A. is an Italian bank. It was related to charity organization Fondazione Banca del Monte di Lucca which they were split in 1990s. Bank The predecessor of the bank, a mount of piety ( it, monte di pietà), was founded in ...

. Livorno Foundation received about 3.46% shares of the holding, making the foundation indirectly have a minority interests in other banks, as well as just about 47.75% controls on its own bank directly, and about 49.6% combined.

Casse del Tirreno era

In 1995, CR Livorno, Pisa, Lucca and Banca Monte Lucca quit the union and formed Holding

Casse del Tirreno Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. 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 Banco BPM. History Cassa di Risparmio di Lucca Cass ...

(literally ''Tyrrhenian saving banks''). In 1999, CR Pisa, Livorno and Lucca were acquired by

Banca Popolare di Lodi era

In 2000 CR Livorno had 47 branches. At that time Casse del Tirreno owned 57.64% shares of CR Livorno SpA (the rest held by the foundation). Istituto di Credito delle Casse di Risparmio Italiane acted as an intermediate holding company (ICCRI, a subsidiary of Bipielle Partecipazioni, another intermediate holding company) that owned 50.01% Casse del Tirreno. However, CR Livorno SpA also owned 0.19% of Casse del Tirreno. In 2001 Casse del Tirreno was absorbed into ICCRI – Banca Federale Europea (ex-ICCRI), which still hold 57.64%% shares; Bipielle Partecipazioni remained as an intermediate holding company of ICCRI. In 2002 Bipielle Retail became the new intermediate holding company. In 2003, through CR Lucca SpA, Banca Popolare di Lodi privatized CR Livorno SpA. The Foundation of CR Livorno owned 5.73% shares of CR Lucca SpA instead (based on 2005 share capitals). In 2006 CR Livorno SpA was completely absorbed into CR Lucca SpA, which the latter was renamed into CR Lucca, Pisa & Livorno SpA. At the same time the foundation sold most of the shares of CR Lucca SpA (5.047%) to Banca Popolare di Lodi, for €65,826,356.44 (retained 0.68% only). The last annual report of CR Livorno SpA shown the bank had a shareholders equity of €293.480 million on 31 December 2005.

Bank Foundation

Livorno Foundation, as of 31 December 2014, is the minority shareholders of Cassa Depositi e Prestiti (0.10%),

CDP Reti CDP Reti S.p.A. is an Italian holding company. It is a joint venture of Cassa Depositi e Prestiti, State Grid Corporation of China and other investors. The company owned 28.98% shares of Snam and 29.85% shares of Terna, as the largest shareholde ...

(0.03%), Banco di Lucca e del Tirreno (10%),

Enel Enel S.p.A. is an Italian Multinational corporation, multinational manufacturer and distributor of electricity and gas. Enel, which originally stood for Ente nazionale per l'energia elettrica (National Electricity Board), was first established ...

, Intesa Sanpaolo, UniCredit,

Terna Group Terna S.p.A. is a transmission system operator (TSO) based in Rome, Italy. It operates through ''Terna Rete Italia'', that manages the Italian transmission grid and ''Terna Plus'' which is in charge of new business opportunities and non-traditio ...

, Hera Group,

Snam Snam S.p.A. is an Italian energy infrastructure company. As of 31 December 2019, it had a market capitalization of €15.4 billion. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, who ...

Électricité de France Électricité de France S.A. (literally ''Electricity of France''), commonly known as EDF, is a French multinational electric utility company, largely owned by the French state. Headquartered in Paris, with €71.2 billion in revenues in 2 ...

Engie Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. ...

Enagás Enagás, S.A. (, originally an initialism for ) is a Spanish energy company and European transmission system operator (TSO), which owns and operates the nation's gas grid. The firm also owns four liquefied natural gas regasification terminals ...

and Atlantia. The foundation had a shareholders equity of €213,224,012 on 31 December 2014. On 16 December 2011 the foundation sold the remain 0.68% shares of CR Lucca, Pisa e Livorno S.p.A. to

Banco Popolare Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. The bank was ...

for about €7.8 million (about €1.63 per shares).

References

External links