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UPDATE 1-Credit Agricole wants Banco BPM tie-up to scale up Italian business - sources

* Credit Agricole waiting to see outcome of MPS sale - sources (Adds context)

UPDATE 2-Activist investor Icahn brings son back, lays out succession plan

Oct 1 Billionaire investor Carl Icahn announced the formal return of his son, Brett, to Icahn Enterprises on Thursday, laying the groundwork for a handover of control at one of the world's most successful activist investment firms.

Former IMF chief Rato to leave Spanish prison on semi-release from embezzlement sentence

MADRID, Oct 1 Former IMF boss Rodrigo Rato was set to walk out of a Madrid prison after Spain's High Court on Thursday granted him a semi-release which allows him to serve the rest of a four-and-half- year sentence for embezzlement in partial liberty.

Credit Agricole wants Banco BPM tie-up to scale up Italian business - sources

LONDON/MILAN, Oct 1 Credit Agricole is exploring a possible deal to buy Italy's third biggest bank, Banco BPM, as a way to scale up its presence in the euro zone's third biggest economy and take advantage of a consolidating landscape, sources said.

UPDATE 2-Abu Dhabi's Mubadala agrees $853 mln deal with India's Reliance Retail

DUBAI, Oct 1 Abu Dhabi state fund Mubadala Investment Co has agreed to invest 62.48 billion rupees ($853 million) in the retail division of India’s Reliance Industries , the Indian conglomerate said in a statement.

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