Crédit Agricole to acquire Banco BPM's non-life insurance subsidiary
Crédit Agricole has entered into exclusive negotiations with Banco BPM to acquire a majority stake in its non-life insurance subsidiary Banco BPM Assicurazioni.
Two French groups were in the running to acquire the non-life activities of the Italian bank, namely Crédit Agricole and AXA.
Banco BPM has finally settled on Crédit Agricole, which has held 9.8% of its capital since April 2022.
The transaction is valued at 300 million EUR (310 million USD).
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Thu, 01/12/2022 - 16:50
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