Milan, 13 Nov. (LaPresse) – “The decision by Banco BPM’s board of directors confirms the strategic interest in the project presented by Crédit Agricole. This merger project aims to combine the complementary strengths of Banco BPM and Crédit Agricole Italia to build, together, a more robust, more diversified and more innovative Italian banking and financial group, one that combines proximity and strength, Italian identity and a European dimension, local roots and investment capacity. Crédit Agricole is approaching these discussions with enthusiasm and determination, convinced of the project’s strategic merit and strong potential for value creation, for the benefit of customers, employees, shareholders and the Italian economy.” So stated Crédit Agricole in a press release. “This new phase forms part of the natural continuation of numerous exchanges and a long-standing, fruitful cooperation, founded on mutual trust and shared values. It should be noted that Crédit Agricole’s press release of 9 November 2026 sets out in detail the proposal to create, together with Banco BPM, a new leading Italian bank,” the statement concludes.
Banco BPM, Crédit Agricole: “Board decision confirms interest; we remain determined”
Milan, 13 Nov. (LaPresse) – “The decision by Banco BPM’s board of directors confirms the strategic interest in the project presented by Crédit Agricole. This merger project aims to combine the complementary strengths of Banco BPM and Crédit Agricole Italia to build, together, a more robust, more diversified and more innovative Italian banking and financial group, one that combines proximity and strength, Italian identity and a European dimension, local roots and investment capacity. Crédit Agricole is approaching these discussions with enthusiasm and determination, convinced of the project’s strategic merit and strong potential for value creation, for the benefit of customers, employees, shareholders and the Italian economy.” So stated Crédit Agricole in a press release. “This new phase forms part of the natural continuation of numerous exchanges and a long-standing, fruitful cooperation, founded on mutual trust and shared values. It should be noted that Crédit Agricole’s press release of 9 November 2026 sets out in detail the proposal to create, together with Banco BPM, a new leading Italian bank,” the statement concludes.