Credit Agricole Mulls Merger of Italian Business With Banco BPM, Bloomberg Says, Citing Sources

Dow Jones
2025/09/19
 

--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 09:29 ET (13:29 GMT)

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