[4] In 1995, Unipol became a minority shareholders of Casse Emiliano Romagnole (CAER), the parent company of Carisbo, for 3.64%[5] (increased to 6.61% in January 1998 by subscribing new shares;[4] diluted to 4.55% in 1999 and[6] 1.82% due to the formation of Cardine Banca in 2000).
[17] In December 2003, MeieAurora also purchased the shares of Reti Bancarie for €173.4 million, instead of pouring into Unipol Banca.
[17] However, Aurora also received exclusive rights to sell the insurance product in Reti Bancarie's network for 5-year.
[17] In 2006, Unipol owned 69.54% shares of the bank directly and 14.99% through Aurora Assicurazioni (ex-MeieAurora) due to capital increases.
[23] In August, a plan to closing Unipol Banca and absorbed into the parent company, was announced.