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ICG PLC - London-based private equity firm - Says it will commence a buyback programme of up to 15.3 million shares, representing around 5.3% of its share capital. Notes the total value of the buyback is up to £316 million, with it to begin on Thursday next week and expire June 30, next year. This follows its strategic partnership with European asset manager Amundi SA, announced back in November. Then, ICG said Amundi will acquire a near 10%, non-dilutive interest in the ICG. On Thursday, ICG notes the purpose of the buyback is to ‘is to enable the company to issue an equal number of non-voting shares to Amundi in a manner that is non-dilutive to the company’s existing shareholders.’ Adds that in accordance with their partnership, Amundi Chief Investment Officer Vincent Mortier joins ICG as a non-executive director, effective March 31. Current stock price: 1,746.00 pence, down 0.4% on Thursday in London 12-month change: down 28% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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