Banco BPM Shares Rise on M&A Interest
Shares in Banco BPM rose after sources reported potential joint interest from UniCredit and Credit Agricole. The institutions discussed a coordinated move during talks with Italian authorities.
Insights:
Banco BPM shares rose 2.3% on Friday afternoon following reports of coordinated acquisition interest from rival lenders in Italy and France. The move slightly outperformed the broader Italian banking sector during the session.
