Credit Agricole Says ECB Approves BPM Stake Increase to 19.9%

The French bank may rise to 19.9% of the institution. Meanwhile, there is the OK with CONSOB at Ops, it will start on April 28

Credit Agricole Says ECB Approves BPM Stake Increase to 19.9%

The European Central Bank has authorized Credit Agricole SA to raise its stake in Banco BPM SpA stake up to 19.9%, the French lender said in a press release on Wednesday.

ECB approves Crédit Agricole's stake increase in Banco BPM

The European Central Bank (ECB) has authorised Crédit Agricole to increase its stake in Italian bank Banco BPM to up to 19.9% under the qualifying holding regime. This approval allows the French banking group to exceed the 10% threshold in Banco BPM’s share capital. During the fourth quarter of 2024 (Q4 2024) and the first quarter of 2025 (Q1 2025), Crédit Agricole acquired additional financial instruments linked to Banco BPM shares. As a result…

Crédit Agricole Advances Strategic Stake in Banco BPM to 19.8% Amid Long-Term Investment Plans

Crédit Agricole Advances Strategic Stake in Banco BPM to 19.8% Amid Long-Term Investment Plans (IN BRIEF) Crédit Agricole S.A. has announced that it has been authorized by the European Central Bank to exceed a 10% stake in Banco BPM S.p.A., allowing it to hold up to 19.9% of the bank’s share capital under the qualifying holding regime. Over Q4 2024 and Q1 2025, Crédit Agricole built a derivative position equivalent to 9.9% of Banco BPM’s capital…

The European Central Bank (ECB) has authorized Crédit Agricole to cross the 10% threshold in the capital of Italian Banco BPM, allowing it to climb to 19.9% of the capital, the French bank announced on Tuesday.

CriteriaCaixa and Grupo Celsa have reached an agreement principle for the holding company to enter the capital of the steel company with approximately 20% through an increase of capital, Criteria has reported in a statement this Wednesday. The Board of Directors of Grupo Celsa has approved to advance in these negotiations to incorporate the holding investor as a relevant shareholder, and it is expected that its incorporation will take place in t…