Credit Agricole Strengthens Negotiation Position With Banco BPM Stake Increase -- Market Talk

Dow Jones2024-12-09

1025 GMT - Credit Agricole's move to increase its stake in Banco BPM strengthens its position at the negotiating table, Equita says in a research note. This comes as the Italian lender fends off an unsolicited approach from UniCredit. The French bank will be better able to defend its product partnerships and factories with BPM in consumer credit and nonlife bancassurance, analyst Andrea Lisi says. It is also helpful for the distribution contract with UniCredit via its asset manager Amundi and increases Credit Agricole's relevance in possible extraordinary meetings in a passivity rule context. "Credit Agricole has historically taken a collaborative and constructive approach with stakeholders and the government, and we believe it is important for the group to preserve this relationship," he writes. BPM rises 1.5%. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

December 09, 2024 05:25 ET (10:25 GMT)

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This comes as the Italian lender fends off an ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490742397","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490742397","pubTimestamp":1733739900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1025 GMT - Credit Agricole's move to increase its stake in Banco BPM strengthens its position at the negotiating table, Equita says in a research note. This comes as the Italian lender fends off an unsolicited approach from UniCredit. The French bank will be better able to defend its product partnerships and factories with BPM in consumer credit and nonlife bancassurance, analyst Andrea Lisi says. It is also helpful for the distribution contract with UniCredit via its asset manager Amundi and increases Credit Agricole's relevance in possible extraordinary meetings in a passivity rule context. \"Credit Agricole has historically taken a collaborative and constructive approach with stakeholders and the government, and we believe it is important for the group to preserve this relationship,\" he writes. BPM rises 1.5%. 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