--Italian bank Banco BPM SpA signed a non-disclosure agreement with the Italian arm of Credit Agricole SA to explore a potential merger, Il Messaggero reports.

--The agreement involves the exchange of confidential information between the two banks, according to the Italian news outlet.

--Banco BPM and Credit Agricole Italia SpA didn't immediately respond to requests for comment.

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(END) Dow Jones Newswires

October 15, 2020 10:37 ET (14:37 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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