Finance
Italy's Banco BPM looking at potential merger and acquisition deals, CEO says
Published by Global Banking and Finance Review
Posted on July 30, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 30, 2025
1 min readLast updated: January 22, 2026
Banco BPM is considering M&A deals with potential partners like MPS and Bper Banca, as CEO Giuseppe Castagna outlines future strategies.
MILAN (Reuters) -Banco BPM, Italy's third-largest, is looking at potential merger and acquisition deals and has several options on the table, its CEO Giuseppe Castagna told Italian daily La Stampa.
"It will be an agreed choice," Castagna said in an interview published on Wednesday.
Referring to potential options, Castagna said that Banca Monte dei Paschi (MPS), Bper Banca and Credit Agricole Italia are similar to Banco BPM.
UniCredit withdrew its offer for Banco BPM on July 22, reviving speculation about a potential tie-up between BPM and MPS.
"For any extraordinary operations we will wait until the end of the summer, when market perimeters will be defined once Monte dei Paschi's bid for Mediobanca is completed," the CEO added.
MPS's offer for the Italian merchant bank will end on September 8.
(Reporting by Sara Rossi; Editing by Cristina Carlevaro and Jamie Freed)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness and efficiency.
An acquisition occurs when one company purchases another company, gaining control over its assets and operations.
Corporate strategy refers to the overall plan and direction of a company, focusing on long-term goals and resource allocation.
Market timing is the strategy of making buy or sell decisions of financial assets by predicting future market price movements.
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.
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