0823 GMT - Credit Agricole getting European Central Bank authorization to increase its stake in Banco BPM was expected and bolsters the French bank's negotiating position, Equita Sim analyst Andrea Lisi says. The move allows Credit Agricole to increase its stake to up to 19.9% of the Italian bank. The stake increase reinforces Credit Agricole's negotiating position with regard to Italian peer UniCredit, the analyst says in a research note. UniCredit, which is separately offering to buy BPM shares, will reasonably need to reach an agreement with Credit Agricole to increase the likelihood of a successful bid, the analyst says. Credit Agricole shares trade 1% lower at 16.85 euros and BPM shares are down 1.7% at 9.38 euros. UniCredit shares, meanwhile, trade down 1.65% at 51.80 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 04:23 ET (08:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。