Credit Agricole Taps Advisers to Explore Banco BPM Options

Credit Agricole SA has been working with Deutsche Bank AG and Rothschild to explore options on Banco BPM SpA, according to people familiar with the matter.

The French bank has tapped advisers to review options including a potential merger between Banco BPM and Credit Agricole’s Italian operations, which would end up with Credit Agricole taking a 30% to 40% stake in the combined entity, some of the people said, asking to not be named as the process is private.