Reti Bancarie was an intermediate holding company of Banca Popolare di Lodi Group (aka Bipielle; BPL). BPL's subsidiary reverse takeover listed company Banco di Chiavari e della Riviera Ligure in 2003. in 2006 it was absorbed into BPL.
History
On 21 January 2003 BPL acquired the controlling interests (69.62% or 48,735,000 of 70 million shares) of Banco di Chiavari e della Riviera Ligure (BCRL) from Banca Intesa for €405 million,[1][2] as well as absorbed their banking activities. BPL offered €7 per shares of BCRL to other shareholders. On 30 June 2003 BPL's sub-holding company Bipielle Retail (which BPL owned 55.46% plus an additional 34.45% through Bipielle Investimenti), owned 87.26% shares of BCRL. In the same year BCRL reversed merger with Bipielle Retail, effectively listed the retail banks in Borsa Italiana.