UniCredit Banca Mediocredito S.p.A. (UBMC) was an Italian commercial bank.
[1] Mediocredito Piemontese was found as a statutory corporation (Italian: ente di diritto pubblico).
Due to Legge Amato, the bank became a limited company (Italian: società per azioni) in 1992.
[4] (disinvested to 10% share capital as at 31 December 2000)[5] The bank was also renamed into Banca Mediocredito S.p.A. in the 1990s.
[7] In 2002 UniCredit acquired the minority interests of the Mediocredito from Cassa di Risparmio di Biella e Vercelli (6.063% for €20.354 million),[8] Banca Lombarda e Piemontese (5.83% for €19.569 million),[9] Banca Carige (1.755% for €6.23 million),[10] Sanpaolo IMI (1.11%), Banca Intesa (0.27%), Cassa di Risparmio di Savona (0.25% for €0.873 million),[10] Carispezia (0.11%) and other companies; as a result UniCredit owned 92.23% shares of Mediocredito directly as at 31 December 2002, also due to Banca CRT and Cariverona were absorbed into UniCredit.