Cointime update: Credit Agricole has proposed merging its Italian arm, Credit Agricole Italia, with Banca Popolare di Milano (BPM) to create Italy’s third-largest banking group. BPM’s current chief executive will lead the combined entity, which will remain listed in Milan. The deal requires BPM shareholder approval and European Central Bank authorization, with completion expected in the second half of 2027.
Credit Agricole Proposes Merging Italian Unit With BPM to Form Third-Largest Bank
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