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Market
Will Crédit Agricole increase its stake in Banco BPM beyond 20% by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Crédit Agricole or Banco BPM, regulatory filings
Story
Crédit Agricole Increases Banco BPM Stake to 15.1%, Complicating UniCredit's Bid
Dec 6, 2024, 07:10 PM
Crédit Agricole SA has increased its stake in Banco BPM to 15.1%, escalating the competition for control of the Italian bank. This move comes as UniCredit SpA faces a deadline until March to improve its bid for Banco BPM. Crédit Agricole has sought regulatory approval to boost its holding and has stated it will not launch a full takeover bid for Banco BPM at this time. The increase in stake by Crédit Agricole is seen as a strategic maneuver to strengthen its position in potential negotiations with UniCredit. The situation has intensified the ongoing banking consolidation in Italy, with shareholders of Banco BPM playing a pivotal role in deciding the bank's future.
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No acquisition interest • 25%
Other developments • 25%
Partnership or alliance • 25%
Continued acquisition interest • 25%
No regulatory action • 25%
Regulatory restrictions imposed • 25%
Regulatory investigation initiated • 25%
Regulatory approval required • 25%
No • 50%
Yes • 50%
Stake exceeds 29.9% • 25%
Stake decreases • 25%
Stake remains at 28% • 25%
Stake increases to 29.9% • 25%
Change in board composition • 25%
Major restructuring announced • 25%
No change in leadership • 25%
Change in CEO • 25%
Approved partial stake increase • 33%
Approved full stake increase • 33%
Denied stake increase • 34%
Remains second-largest private bank • 25%
Becomes largest private bank • 25%
Other • 25%
Drops to third-largest • 25%
