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flag ICG Enterprise Trust sold its Froneri stake on Oct 24, 2025, earning €41M and boosting liquidity to £223M.

flag ICG Enterprise Trust completed the sale of its investment in Froneri, a major ice cream company, on 24 October 2025, generating €41 million in cash. flag The exit, part of a long-term strategy, boosted the trust’s Total Available Liquidity to £223 million and reduced its gearing ratio to 3%. flag The investment, initially made in 2013 with PAI Partners and reinvested in 2019, was ICGT’s largest holding at 2.7% of its portfolio as of 31 July 2025. flag The trust also announced a share buyback of 10,000 shares on 22 October and issued a director declaration on 20 October, both in compliance with UK Listing Rules.

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