Due to Legge Amato [it], the bank activities of Cassa di Risparmio di Genova e Imperia was spin off to become Banca Carige Società per Azioni (a kind of limited company), while the original entity became Fondazione Cassa di Risparmio di Genova e Imperia, a banking foundation with a status of private legal person, but without shareholder.
The foundation only partly subscribed the capital increases that were allowed to them, with the rest was excised by borrowing money from Mediobanca (additional 7.037%).
After the deal the foundation owned 12.142% ordinary shares of the bank (1,234,561,214), comparing to 46.52% in 2013 (1,011,689,946).
[6] In 2014, La Repubblica Genoa edition reported that, the foundation had purchased a helicopter which was rarely used.
Before the helicopter was donated to the Liguria Region, it was rarely used by the firemen of Genoa, which the foundation lent it to them.