Nov 18 (Reuters) - Amundi SA AMUN.PA:
TO ACQUIRE 9.9% STAKE IN ICG AS PART OF LONG TERM PARTNERSHIP
TEN-YEAR AGREEMENT WHERE AMUNDI WILL BE EXCLUSIVE DISTRIBUTOR FOR WEALTH MANAGEMENT AND PRIVATE BANKING CLIENTS OF EVERGREEN SOLUTIONS AND OTHER ICG PRODUCTS
ICG'S BOARD WILL INCLUDE A NON-EXECUTIVE DIRECTOR APPOINTED BY AMUNDI
TARGET BY 2028: NET INFLOWS ABOVE EUR 300 BILLION
TARGETS 2028: EXCEED EPS OF EUR 7
TARGETS 2028: COST INCOME RATIO BELOW 56%
TARGETS 2025-2028: PAYOUT RATIO OF AT LEAST 65%
Source text: ID: nS8N3OP0OF
Further company coverage: AMUN.PA
(Gdansk Newsroom)
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