Giuseppe Castagna, CEO of Banco Bpm
Bpm, ready the blitz from Agricultural? Towards dialogue with Paris on possible integration. Rumors
THE rumors insistent of a can blitz from Unicredit on Meda square push the number one of Banco Bpm, Giuseppe Castagna, ever closer to CEO from Credit Agricole Giampiero Maioli. The CEO of Banco he would in fact be pushing the accelerator on but with the banque verte, thus escaping the “hostile” takeover bid by Andrea Orcel. It is indeed no mystery that Gae Aulenti square both looking for a domestic consolidation after the stalemate on Monte dei Paschi and the attempt on the Russian Otkritie Bank. To reveal the study of the French card by the Bank is Milan Finance.
According to the business newspaper, after the annual conference organized by Assiom Forex in Parma“in the Milanese city there are those who bet that in the next few weeks “, Maioli and Castagna “They could come back to meet”. In fact, he points out MF, “The hypothesis of an integration is not new since it was thoroughly studied in the autumn of 2020, when the construction site ran aground on thorny issues of governance and rebranding”. Today, however, according to various observers, “the context has changed and the conditions for restarting the dialogue exist”. Credit Agricole is already a partner of Banco Bpm in Agosjoint venture of consumer credit, a business combination in Italy would be de facto in line with the bank’s plans after being overtaken by Bper in the takeover bid on Carige.
Net of this, dialogue with Paris on integration could therefore reopen in the coming weeks. A move that would allow the number one to piazza Meda Giuseppe Castagna to escape the stranglehold of Unicredit and the possible takeover bid. Although, it must be said, the market no longer sees the “right” conditions for a blitz. “In fact, analysts believe that a Gae Aulenti square it is not convenient to move now, with Banco Bpm shares growing by 11.46% in the last month alone ”he underlines MF. “The outlay to win the prey would be challenging, especially if compared to some indicators, such as the rwa density, to which a deal maker such as Orcel he is certainly attentive ”, continues the business newspaper.
The main track to follow for the Banco therefore seems to be that of French credit giant. Even if, at the moment, from the number one of theAgricultural Maioli there are no signs of opening. In a recent interview on the dossier but he cut it short: “We don’t have any dossier open”. Finally, according to MF, other transactions should not be excluded: on the market, for example, there are rumors of a “possible interest of Bnp Paribas which in recent years had already evaluated growth in Northern Italy “.
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