Credit Agricole Proposes Merger with Banco BPM
French bank Credit Agricole has proposed a merger of its Italian subsidiary with Italian bank Banco BPM, creating Italy's third-largest bank. The proposed merger, described as 'friendly', is a natural evolution of the long-term partnership between the two institutions. The resulting entity would be centered on Banco BPM, maintain its listing on the Milan Stock Exchange, and offer a dividend of one billion euros. Shareholders of Banco BPM would receive a bonus of 20%.21 sourcesSee all sources
