Bpm changes its statutes. Agricole also gives the green light
Banco Bpm's extraordinary assembly approved statutory changes with a 95.4% majority, aligning governance with new capital laws and addressing Crédit Agricole's demands for board representation.
Crédit Agricole seeks a seat on Banco BPM's board
Crédit Agricole's CEO, Olivier Gavalda, stated that they want a board representation on Banco BPM corresponding to their 20% stake, while discussions are ongoing and details are not yet available.
Crédit Agricole exceeds 20% of Bpm. ECB approval received
Crédit Agricole has received the European Central Bank's permission to increase its stake in Banco Bpm to over 20%, as noted in their official statement.