Equity Method Consolidation
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Amundi obtains regulatory approval for ICG board seat and will consolidate its stake using the equity method as from 31 March 2026
Globenewswire· 2026-02-19 06:06
Core Insights - Amundi has received regulatory approval to appoint Vincent Mortier as a Non-Executive Director on the Board of ICG, effective 31 March 2026 [3] - Following this appointment, Amundi will consolidate its stake in ICG using the equity method starting from the same date [3] - Amundi currently holds a 4.64% stake in ICG and plans to increase its economic interest to 9.9% through the issuance of non-voting shares by ICG [4] Company Overview - Amundi is the leading European asset manager and ranks among the top 10 global players, managing nearly €2.4 trillion in assets [5] - The company offers a comprehensive range of savings and investment solutions to 200 million clients, including retail, institutional, and corporate clients [5] - Amundi operates six international investment hubs and employs 5,600 staff across 34 countries, emphasizing responsible investment [6]