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Euronews
Euronews
Eleanor Butler

France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM

Banco BPM Crédit Agricole CA ECB UniCredit Amundi Italy

French lender Crédit Agricole (CA) said on Wednesday that it had secured approval from the European Central Bank (ECB) to raise its stake in Italy’s Banco BPM to 19.9%.

CA currently holds 9.9% of Banco BPM’s share capital through financial instruments, although it plans to convert these into actual shares.

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