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ICG ICG News Story

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Brief: Amundi To Acquire 9.9% Stake In ICG

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)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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