The Fondazione Cassa di Risparmio di Parma e Monte di Credito su Pegno di Busseto, known as Fondazione Cariparma, is an Italian banking foundation and former bank that spin off its banking activities in 1991. The foundation currently is a minority shareholder of Crédit Agricole Cariparma. Fondazione Cassa di Risparmio di Parma e Monte di Credito su Pegno di Busseto was formed in 1991 by the spin-off of the Cassa di Risparmio di Parma e Monte di Credito su Pegno di Busseto's banking activities as Cassa di Risparmio di Parma S.p.A. (Cariparma S.p.A.), in which the original legal person of the bank became the banking foundation instead. The bank, a società per azioni, merged with Cassa di Risparmio di Piacenza e Vigevano S.p.A. and then was acquired by Banca Intesa S.p.A.. The banking foundation also owned a small stake of Banca Intesa due to the acquisition. In 2007, the foundation parted away from Banca Intesa, after it was merged with Sanpaolo IMI on 1 January 2007 to become Intesa Sanpaolo. Intesa Sanpaolo also sold aforementioned Cariparma S.p.A. (as Cassa di Risparmio di Parma e Piacenza) to Intesa Sanpaolo's former shareholders Crédit Agricole and the banking foundation in the same year. More information...
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