Unilever expects to List ice-cream business In Early december 

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Unilever expects to database its ice-cream business successful early December, nan Magnum and Ben & Jerry’s shaper has said. 

The demerger of crystal pick from nan wider FMCG group was first announced successful 2024 and was expected to beryllium completed successful mid-November. However, Unilever said past period nan process would beryllium delayed because of nan US authorities shutdown. 

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Trading arsenic The Magnum Ice Cream Company (TMICC), nan demerged business is group to database successful New York, London and Amsterdam. 

In an update yesterday (4 November), Unilever said it now expects to complete the spin-off connected 6 December. Listing and trading is projected to commencement connected 8 December followed by nan station consolidation of group shares connected 9 December.  

Unilever noted nan schedule is still taxable to alteration and it will supply further updates if required. 

TMICC, which will besides location nan Cornetto and Wall’s ice-cream brands amongst others, is led by CEO Peter ter Kulve and CFO Abhijit Bhattacharya.  

As antecedently disclosed, Unilever plans to clasp a nearly 20% holding successful nan business for up to 5 years, pinch an volition to trim that liking complete time. 

In the third‑quarter results announcement successful October, Unilever CEO Fernando Fernandez said nan demerger would beryllium completed by nan extremity of nan twelvemonth to “create a simpler Unilever, pinch a sharper attraction and structurally higher separator profile”. 

Unilever reported underlying income maturation of 3.9% and a group turnover of €14.7bn ($16.9bn). Ice cream delivered 3.7% underlying income maturation and a turnover of €2.3bn.  

Over nan nine‑month period, ice cream recorded 5.1% underlying income maturation pinch cumulative turnover of €6.9bn. 

Outside of crystal cream, Unilever’s food unit posted 3.4% underlying income maturation successful nan 3rd 4th pinch turnover of €3.1bn.  

For nan 9 months, it grew 2.6% connected an underlying ground pinch €9.7bn successful cumulative turnover.