Banco BPM board to begin assessing Credit Agricole merger proposal on November 12

Mon, November 9, 2026 at 6:05 PM UTC

0

MILAN, Nov 9 (Reuters) - Banco BPM said on Monday that its board of directors would meet on November 12 for a preliminary assessment of Credit Agricole's proposal to merge its Italian unit with the country's fourth-largest bank.

Advertisement

Credit Agricole proposed merging its Italian subsidiary with Banco BPM, a move that would create Italy's third-largest bank and deepen the French lender's role in a consolidation wave reshaping the Italian financial sector.

(Reporting by Gianluca Semeraro, editing by Cristina Carlevaro)

Original Article on Source

Source: “AOL Money”