(Finance) – La European Central Bank authorization Credit agricultural to increase the share in Banco BPM at 19.9%.
He lets him know, with a note, Credit Agricola, in which he specifies that the ECB He authorized under qualified participation regime to exceed the 10% threshold of the share capital of the Institute of Piazza Meda and, therefore, to hold a participation of up to 19.9%.
Currently, Credit Agricola has in portfolio has 9.9% of the share capital of Banco Bpm and “intends to exercise the financial instruments that allow them to climb the capital of the bank” led by Giuseppe Castagna.
Credit Agricola also specifies that will not launch an opa On Banco Bpm and that “the increase in its share is consistent with the agricultural Crédit strategy as long -term investor and Banco Bpm partner”.
In the first quarter of 2025, it reads in the note, “the increase in derivative position? In the second quarter of 2025, “Crédit agricultural CET1 coefficient will undergo an impact of about -20 BPS, deriving from both the increase in the BPM counter and from the impact related to exceeding the exemption threshold applicable to the deduction of significant share investments in the financial sector”.
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