French asset manager Amundi’s stake in Kerry Group now worth €491m

The French asset manager has upped its shareholding as analyst downplays a 20 per cent drop in the food giant’s share price

Edmond Scanlon, the chief executive of Kerry, said “alternative proteins” will be the biggest driver of food innovation over the next 50 years Picture: Fergal Philips

Amundi, the French asset manager, now holds a 3.03 per cent stake in Kerry Group, stock market filings show.

Based on the current share price, this puts the value of Amundi’s stake in the Edmond Scanlon-headed company at €491 million.

With more than 100 million clients and over €2 trillion in assets under management, Amundi is one of the leading European asset managers.

Meanwhile, shares in Kerry Group are currently trading at around €91.66 on ...