11:25 PM EST, 11/09/2026 (MT Newswires) -- Banco BPM (BAMI.MI) confirmed that it received a letter from Crédit Agricole (ACA.PA) regarding the potential restart of merger discussions. In the letter sent Sunday, the French banking group proposed a combination with the Italian lender's Crédit Agricole Italia, according to a Monday release. It is envisioned that the merged entity would also serve as the holding company for Crédit Agricole's life and non-life insurance businesses in Italy. Crédit Agricole is expected to provide more details regarding the proposal in an initial briefing with Banco BPM directors scheduled for Thursday.

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