French bank Credit Agricole says it's waiting until the end of the period of the Banco BPM offer period before deciding what to do with its almost 20% stake, at a time when Unicredit is trying to takeover the Italian lender. Credit Agricole posted record revenues in the first quarter. Yet results were slightly overshadowed by higher costs and higher taxes, as explained by the deputy CEO Jerome Grivet who was speaking earlier to Guy Johnson, Kriti Gupta and Anna Edwards from Paris.

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