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Credit Agricole acquires 9% stake in Banco BPM
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fnlondon.comCredit Agricole said late on 7 April that it has bought a 9.18% stake in Italy’s Banco BPM, building on an existing partnership between the two banks.
The French lender said it would aim to expand strategic partnerships with Banco BPM after the stake acquisition, the financial details of which it didn’t disclose. The two already collaborate on a consumer-finance joint venture called Agos.
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