UniCredit Examines Amundi Alternatives Amid Doubts Over BPM Backing, Bloomberg Says, Citing Sources

Dow Jones

02 Apr

-- UniCredit is analyzing options to replace Credit Agricole's asset manager Amundi when an existing sales partnership with the firm expires in about two years' time, Bloomberg reports, citing unnamed sources.

-- This comes amid signs that Credit Agricole doesn't back UniCredit's takeover bid for its smaller peer Banco BPM, according to Bloomberg.

-- Credit Agricole's backing is important for UniCredit's CEO Andrea Orcel, as the French lender is Banco BPM's largest shareholder and has various sales partnerships with it, Bloomberg reports.

Full story: https://bit.ly/43CdHNg

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

April 02, 2025 06:39 ET (10:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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