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A two-sided session today for Banco BPM which, after yesterday’s rally, when the day ended with an increase of over three percentage points, pushed forward again today, only to change direction.
Banco BPM reverses course after a positive morning
The stock reached an intraday high of 1.7 euros, from which however it started a movement at a crawl, reversing the course.
In the last few minutes, Banco BPM changed hands at € 1.6365, close to the intraday lows, with a drop of 2.09% and over 25 million shares traded, against the average of the last 30 days of approximately 27.5 million of pieces.
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The stock takes your breath away in the wake of the negative trend of the Ftse Mib and the bearish attitude of the banking sector.
However, Banco BPM remains under the lens in the wake of the rumors that chase each other almost daily regarding the future prospects of the group.
Banco BPM: Credit Agricole is not the only dossier on the table
In recent days, the name of Banco BPM has been repeatedly compared to that of Credit Agricole, in the wake of rumors concerning a possible rapprochement between the two groups in view of a potential merger.
Today Milano Finanza writes that that of the French would not be the only dossier on the table of the CEO of Banco BPM.
According to what the newspaper writes, the group led by Giuseppe Castagna has decided to keep open other options that will be explored carefully: Unicredit and Bper Banca.
It seems obvious to most that Banco BPM is destined for a wedding with another banking group, in line with a strategy that CEO Castagna has not denied even in recent times.
Banco BPM: focus on the Unicredit option
Banco BPM in fact has already begun to probe the market in recent months and the first option was that of Unicredit, displaced in turn by the Opas promoted by Intesa Sanpaolo on Ubi Banca.
According to what Milano Finanza writes, the acquisition of Banco BPM would make a lot of sense for Unicredit because it would allow it to increase its presence in an important region such as Lombardy, but also because it would marry with the corporate reorganization envisaged by the industrial plan.
The idea of the wedding with Banco BPM does not displease several Unicredit shareholders who are present in the shareholding structure of the former and are pressing for a relaunch of the Italian activities of the latter.
Banco BPM: among the potential partners there is also Bper Banca
The alternative option to Unicredit is that of Bper Banca, which on several occasions has approached Banco BPM, only to depart from it each time, starting from the attempted merger in 2007 that was never successful.
A similar attempt was aborted in 2016, but today the idea of a rapprochement is not excluded a priori because if on the one hand Bper Banca is committed to the purchase of the 532 branches of Intesa-Ubi, on the other it aims to grow further.
In this direction, reports Milano Finanza, Banco BPM could be a very attractive target.
Finally, in addition to Bper Banca and Unicredit, there is the Credit Agricole option, as already mentioned at the beginning, which has been talked about most in recent days, although it is not prior to two o’clock for now.
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