Banco BPM: unscheduled board meeting on Tuesday 25 August; MPS OPA on the agenda

Afternoon meeting. Focus on Agricole’s position

(Il Sole 24 Ore Radiocor) -

According to Radiocor’s report, there is only one item on the agenda, albeit a challenging one that is set to dominate discussions amongst the board members for some time: the exchange offer launched in recent days by MPS, which, amongst other things, has brought the bank back under the ‘passivity rule’. This is not the first time in the bank’s recent history that this has happened, given that UniCredit’s public offer, which was subsequently withdrawn, dates back to November 2024.

It remains to be seen, following the discussion at the BPM board meeting, what position the directors representing the French bank Crédit Agricole – a major shareholder in the bank with a stake of over 29 per cent – will take.

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