Credit Agricole CFO Says Italy is Strategic Market

Crédit Agricole Deputy General Manager and CFO Clotilde L'Angevin said Italy accounts for 20% of the bank's net income. She stated that Crédit Agricole holds a 29.3% stake in Banco BPM and described the bank as central to any potential merger between Banco BPM and Banca Monte dei Paschi di Siena. According to Bloomberg, L'Angevin said "nothing can be done without us and nothing can be done against us" regarding such a transaction.

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