Credit Agricole has not applied to ECB to cross 9.9% holding in Banco BPM, spokesperson says
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Credit Agricole has not sought ECB approval to increase its stake in Banco BPM beyond 9.9%, according to a spokesperson.
November 26, 2024 | 9:15 am
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NEUTRAL IMPACT
Credit Agricole has not applied for ECB approval to increase its stake in Banco BPM beyond 9.9%.
The news indicates that Credit Agricole is not currently pursuing an increase in its stake in Banco BPM, which suggests no immediate changes in ownership structure. This maintains the status quo, leading to a neutral short-term impact on Banco BPM's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80