BREAKING: Banco BPM soars 9.4% as Credit Agricole proposes an Italian mega-merger. France's Credit Agricole said on Monday it has proposed merging its Italian business with Banco BPM to create Italy's third-largest banking group — serving 6.5 million customers through more than 2,300 branches, and remaining listed in Milan (Reuters). Banco BPM shares jumped 9.4% in Milan, while Credit Agricole shares eased 1.4%. The proposal offers Banco BPM shareholders terms reflecting a 20% premium plus an extraordinary dividend of €1 billion, with expected synergies of €800 million a year and an estimated 24% lift to Banco BPM's 2027 earnings per share. Credit Agricole's stake would rise from 29.6% to about 45% of the combined group. The deal still needs Banco BPM board, shareholder and regulatory approvals, with completion targeted for the second half of 2027. #BancoBPM #CreditAgricole #Banking #Mergers #Stocks #Europe #Markets Read the full blog/news on Zimbuck: https://zimbuck.com/posts/2255 Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com - @zimbuckapp