Cassa di Risparmio di Carrara

The holding also owned the saving bank in Alessandria (50% + 1 share) and Spezia (68.19%).

As at 31 December 2002, Banca Intesa owned 41.14% stake in Carinord 2 S.p.A. , with the banking foundations of Carispezia and CR Carrara remained as the minority shareholders of the sub-holding.

[5] Carige acquired about 43.49% stake in Carinord 2 from Intesa (16.46% for €46 million) and the banking foundation of CR Carrara (27.03%) for €183,764,644 in total (with 5,192,231 shares or 2.44% stake of Carinord 2 was re-sold to Banca CR Firenze for €10,301,778 in the eve of demerger).

[6] In April 2004 Carinord 2 was demerged and Caricarrara Holding S.p.A. was created, making the 90% stake of the saving bank cost Carige about €173 million.

It is a minority shareholder of Banca Carige and Cassa Depositi e Prestiti for 1.17% and 0.019% respectively.