https://www.live-feeds.com/feed/cr-dit-agricole-proposes-merger-of-italian-business-with-banco-bpmContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/cr-dit-agricole-proposes-merger-of-italian-business-with-banco-bpmhttps://www.live-feeds.com/feed/cr-dit-agricole-proposes-merger-of-italian-business-with-banco-bpm#u197541Thu, 12 Nov 2026 19:49:10 +0000Crédit Agricole has proposed merging its Italian subsidiary, Crédit Agricole Italia, with Banco BPM in a deal that would create Italy's third-largest banking group with more than 2,300 branches. Banco BPM's board began reviewing the offer on Thursday and authorized CEO Giuseppe Castagna to open discussions, while stating it will seek "adequate value" for shareholders. The French bank already holds a 29.3% stake in Banco BPM. The proposal comes amid a broader consolidation wave in Italian banking that has included UniCredit's move on Banco BPM and Monte dei Paschi di Si