12:49 AM EST, 11/13/2026 (MT Newswires) -- Banco BPM (BAMI.MI) directors mandated the bank's chief executive officer to begin discussions with Crédit Agricole (ACA.PA) regarding the latter's merger proposal. The Italian lender said Thursday it would also begin an in-depth review of the proposed transaction, which would involve merging Crédit Agricole Italia into Banco BPM and contributing the French banking group's Italian life and non-life insurance businesses to the merged entity. Banco BPM's board also raised concerns regarding the possibility of substantial loss of contestability after implementing Crédit Agricole's proposal.

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