Banco BPM weighs Credit Agricole deal after MPS plan fails

Banco BPM CEO Giuseppe Castagna said a deal with Credit Agricole could be among the options the Italian bank considers after shareholders rejected a plan centered on acquiring Monte dei Paschi di Siena (MPS). Any transaction would need shareholder backing, he told analysts on a call about third-quarter results.

November 6, 2026, 08:26 AM Business Person 1,042 0

Banco BPM weighs Credit Agricole deal after MPS plan fails — Photo: Business Person

Castagna said Banco BPM was examining all potential opportunities. Asked about a possible transaction with Credit Agricole, he said the bank would evaluate that option.

Credit Agricole is Banco BPM’s largest shareholder, with a 29.6% stake, and is also a long-standing commercial partner. It has repeatedly expressed support for combining Banco BPM with its Italian subsidiary, Credit Agricole Italia.

When reusing this material a link to Money Talk is required.