Banco BPM stock rises after Credit Agricole ups stake

(ANSA) - ROME, DEC 9 - Banco BPM's share price rose by 2.2% in early trading on Monday after France's Credit Agricole said it was upping it stake in the Italian lender from 9. 9% to 15.1% and plans to raise it to 19.99% in response to an all-share hostile takeover bid by UniCredit.
    The stock of UniCredit, on the other hand, shed 1.2%.
    UniCredit's bid thwarted plans by the Italian government to broker a merger between BPM and Monte dei Paschi di Siena (MPS), which the Italian State has a stake of around 11.7% in after a 2013 bailout. (ANSA).