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Market Chatter: Crédit Agricole, UniCredit Said Weighing Joint Banco BPM Takeover Options

MT Newswires·09/25/2026 01:43:43
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01:43 AM EDT, 09/25/2026 (MT Newswires) -- Crédit Agricole (ACA.PA) and UniCredit (UCG.MI) are considering a potential joint takeover of Banco BPM (BAMI.MI), with the proposal discussed with Italian authorities, Reuters reported Thursday, citing two people close to the matter. The banks are evaluating several structures, including one that would split Banco BPM between them, and leave Crédit Agricole with roughly a third of the Italian lender, according to the report. Crédit Agricole already owns a 29.3% stake in Banco BPM. The three banks did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)