IN BRIEF: ICG to commence up to PS316 million buyback programme

Related news

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.

Directors

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.