Finance
Credit Agricole not a protagonist of Italy's bank M&A wave, country chairman says
Published by Global Banking & Finance Review®
Posted on May 27, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 27, 2025
1 min readLast updated: January 23, 2026
Credit Agricole Italy isn't leading the M&A wave in Italy, focusing instead on long-term growth. It remains a key investor in Banco BPM amid UniCredit's takeover interest.
MILAN (Reuters) -Credit Agricole Italy won't play a leading role in the current M&A wave sweeping the country's financial sector, its chairman said, adding the bank retained the very long term approach that had guided its steady expansion in Italy.
Credit Agricole Italy is the main investor in Banco BPM, a key commercial partner for the French group in Italy. It has increased its stake in the Italian bank after BPM became a takeover target for UniCredit.
Credit Agricole Italy has not yet made its position in relation to the UniCredit bid known.
Addressing the national assembly of the FABI banking union, Chairman Giampiero Maioli said Credit Agricole Italy was not hostile to any of the other players. Its cautious stance appears warranted given the current confusion in the M&A game, he added.
(Reporting by Valentina Za, editing by Cristina Carlevaro)
Credit Agricole Italy will not play a leading role in the current M&A wave in Italy, according to its chairman.
Credit Agricole Italy is the main investor in Banco BPM and has increased its stake after Banco BPM became a takeover target.
Credit Agricole Italy has not yet disclosed its position regarding the UniCredit bid.
Chairman Giampiero Maioli stated that Credit Agricole Italy is not hostile to any other players in the banking sector.
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