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Credit Agricole sees MPS bid for Banco BPM as unappealing, paper says
Source: reuters.com
M&A & RestructuringBanking & Liquidity
Credit Agricole, Banco BPM's largest single investor, reportedly opposes a takeover offer for Banco BPM from rival Italian lender Banca Monte dei Paschi. The shareholder resistance introduces uncertainty around the proposed Italian banking consolidation and could complicate the transaction.
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BAMI-0.15
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