Alpha Bank has completed the acquisition of Axia Ventures, marking a strategic expansion in its portfolio. Meanwhile, Crédit Agricole has received approval from the European Central Bank (ECB) to increase its stake in Banco BPM to nearly 20%. This move allows Crédit Agricole to surpass the 10% ownership threshold, which comes as UniCredit has launched a €14 billion takeover bid for Banco BPM. The situation is dynamic, with UniCredit evaluating alternatives to a sales agreement with Crédit Agricole’s funds unit, amid indications that Crédit Agricole may not support UniCredit's takeover efforts for Banco BPM.
UniCredit is assessing alternatives to a sales agreement with Credit Agricole’s funds unit amid signs that the French bank doesn’t support the Italian lender’s takeover bid for a smaller domestic rival, Banco BPM https://t.co/u4xKfRe9YO
ウニクレディト、BPM株買い付け28日に開始 Cアグリコルも出資拡大 https://t.co/p9Zlk9Pyjy https://t.co/p9Zlk9Pyjy
Crédit Agricole renforce sa position dans Banco BPM, UniCredit lance une OPE de 14 milliards d'euros https://t.co/PMi7FkiSzG https://t.co/3H6jZcv2Ix