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Shares in Banco BPM rise on report of joint Credit Agricole-UniCredit interest

Source: reuters.com

M&A & RestructuringBanking & Liquidity
Shares in Banco BPM rise on report of joint Credit Agricole-UniCredit interest

Banco BPM shares rose 2.3% on Friday, outperforming the banking sector, amid prospects of interest from larger rival UniCredit and France's Credit Agricole. Potential competing interest raises the likelihood of an M&A transaction involving the Italian lender.

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