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Credit Agricole weighs potential acquisition of Italy's BPM

Original: Credit Agricole is studying a range of options to strengthen its business in Italy, including a potential acquisition of

Credit Agricole is studying a range of options to strengthen its business in Italy, including a possible acquisition of Banco BPM, in which the French bank already holds a stake of almost 30%. The two groups have been long-time partners, and a full takeover would mark a significant consolidation step in the Italian banking market. Observers are watching whether the French lender will move ahead with a bid.

Why now: A potential takeover of Banco BPM by its largest shareholder would be a major development in Italian banking consolidation.

Credit AgricoleBanco BPMItaly

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• Credit Agricole is studying a range of options to strengthen its business in Italy, including a potential acquisition of long-time partner BPM in which it already owns almost 30% · business · 18

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