Banco BPM weighs deal options in home market – report

Banco BPM is assessing imaginable acquisition and merger opportunities successful Italy, according to Reuters, arsenic main enforcement Giuseppe Castagna indicated a firmer attack to imaginable transactions.

Castagna has repeatedly said the slope is prepared to see further consolidation moves aft Banco BPM acquired money manager Anima past twelvemonth and avoided a takeover attack from UniCredit.

His remarks came aft shareholders renewed his mandate arsenic main enforcement and arsenic marketplace speech intensified implicit the anticipation of a operation with Monte dei Paschi di Siena.

Crédit Agricole is Banco BPM’s largest shareholder. Banco BPM besides holds a 3.7% involvement successful Monte dei Paschi and, past month, was progressive successful a hard shareholder ballot that returned the Tuscan lender’s removed main enforcement to the role.

Castagna said the slope was considering deals of antithetic sizes involving lenders arsenic good arsenic different businesses that make fees.

"It is hard to accidental which 1 volition materialise, but we are reviewing each ⁠situations," helium told analysts connected a post-results league call.

He said again that Crédit Agricole’s Italian concern and Monte dei Paschi remained logical merger candidates due to the fact that of existing shareholder links, portion adding that timing would beryllium a cardinal origin and that the contiguous infinitesimal mightiness not beryllium suitable for an agreement.

"Let's hold and spot to recognize what the different parties are consenting to do," helium said.

Earlier this year, Crédit Agricole obtained support from the European Central Bank to summation its holding successful Banco BPM to supra 20%.

During the 3rd 4th of 2025, Crédit Agricole entered into derivative transactions connected to Banco BPM shares, allowing it to adhd different 0.3% to its position.

These derivatives are expected to beryllium settled done carnal delivery, taking Crédit Agricole’s wide involvement successful Banco BPM to 20.1%.

"Banco BPM weighs woody options successful location marketplace – study " was primitively created and published by Retail Banker International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.