-- UniCredit is analyzing options to replace Credit Agricole's asset manager Amundi when an existing sales partnership with the firm expires in about two years' time, Bloomberg reports, citing unnamed sources.
-- This comes amid signs that Credit Agricole doesn't back UniCredit's takeover bid for its smaller peer Banco BPM, according to Bloomberg.
-- Credit Agricole's backing is important for UniCredit's CEO Andrea Orcel, as the French lender is Banco BPM's largest shareholder and has various sales partnerships with it, Bloomberg reports.
Full story: https://bit.ly/43CdHNg
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
April 02, 2025 06:39 ET (10:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments