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ICI fund agrees buy-ins worth £1.8bn with Legal & General, Prudential
Further deals see fund insure more than half of liabilities
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ICI replaces Bank of New York
[11:08 CEST 02-08] UK – The £400m Speciality Chemicals Pension Fund of British paints major Imperial Chemical Industries (ICI) has rehired JP Morgan Chase as its custodian, replacing the Bank of New York (BoNY).
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Akzo Nobel reaches agreement with ICI pension fund (UPDATE)
[16:15 CEST 13-08] NETHERLANDS/UK – Dutch paints major Akzo Nobel said it has reached an agreement with the trustees of the Imperial Chemical Industries (ICI) pension fund, under which it will continue supporting the fund. (Updated with comment from ICI trustees).
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ICI pension fund wants to be wooed by potential suitors
[16:56 CEST 18-06] NETHERLANDS/UK – The £6.5bn (€9.63bn) Imperial Chemical Industries (ICI) pension fund is warning it expects ICI bidders to engage in up-front talks with the scheme, following failed takeover talks with Dutch paints major Akzo Nobel.