Credit Agricole Mulls Merger of Italian Business With Banco BPM, Bloomberg Says, Citing Sources
--Credit Agricole is considering a potential merger of its Italian operations with Banco BPM, Bloomberg reports citing unnamed sources.
--The French lender, which has a 20% stake in BPM, is working with advisors to explore options which could result in it taking a 30%-40% stake in the combined business, Bloomberg reports. It says plans are at a preliminary stage and no decision has been made.
--A spokesperson for Credit Agricole declined to comment to Bloomberg.
--Banco BPM CEO Giuseppe Castagna said in an interview on CNBC Thursday that Credit Agricole's Italian unit is "a clear opportunity" for a potential combination.
Full story: https://tinyurl.com/3rftpcfb
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
September 19, 2025 09:44 ET (13:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
