Business
Credit Agricole says now owns 29.3% Of Banco BPM share capital
Credit Agricole says now owns 29.3% Of Banco BPM share capital
About this update from Banco Bpm Spa
Credit Agricole SA EURONEXT:ACA says in statement:CREDIT AGRICOLE: HAS NOTIFIED THE ITALIAN AUTHORITY AND BANCO BPM SPA THAT IT HAS CROSSED THE 25% THRESHOLD AND CURRENTLY STANDS AT 29.3% OF BANCO BPM’S SHARE CAPITALCREDIT AGRICOLE: THIS ADDITIONAL STAKE HAS BEEN ACCUMULATED THROUGH MARKET PURCHASES OF SHARES AND A DERIVATIVE INSTRUMENTCREDIT AGRICOLE: The additional stake is expected to have a total impact on Crédit Agricole’s CET 1 ratio of -35bps as of end of Q2 2026.