Amundi S.A. (AMUN.PA,AMDUF), a French asset management company and investment firm, said on Thursday that it has obtained regulatory approval to appoint a director to ICG's board and will consolidate its stake using the equity method from March 31.
Amundi's Group Chief Investment Officer, Vincent Mortier will join ICG as a Non-Executive Director and serve on the Board Nomination and Governance Committee.
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.
On Wednesday, Amundi closed trading 1.37% higher at EUR 77.95 on the Paris Stock Exchange.
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