Unilever's Ice Cream Unit May Find Home In Amsterdam Over London: Report
Portfolio Pulse from Shivani Kumaresan
Unilever Plc (NYSE:UL) is considering Amsterdam over London for the potential listing of its €17 billion ice cream unit, which includes brands like Ben & Jerry's and Magnum. The Dutch government is advocating for this move, aligning with Unilever's previous commitments. CEO Hein Schumacher mentioned ongoing discussions with the Dutch Finance Ministry and various options, including an IPO, are being considered with a decision expected in the next 18 months. UL shares rose 0.30% to $50.14.
March 25, 2024 | 4:05 pm
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Unilever is considering Amsterdam for its ice cream unit's listing, potentially impacting its stock price positively as shares rose 0.30% to $50.14.
The potential listing of Unilever's ice cream unit in Amsterdam, valued at €17 billion, and the positive government advocacy could be seen as a strategic move enhancing investor confidence and Unilever's commitment to growth, thus positively impacting its stock price in the short term.
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