Unilever to Brief Investors Ahead of Ice Cream Business Spinoff
Unilever will update investors this week ahead of the highly anticipated listing of its standalone ice cream business, which includes popular brands like Magnum and Wall’s.
Key Details
- Listing Date: Shares begin trading on November 10.
- Location: Amsterdam, confirming the snub of a London listing.
- Investor Update: Scheduled for Thursday.
The consumer goods giant, whose portfolio also includes Dove and Hellmann’s, will outline its strategic plans during the upcoming session.
Chris Beauchamp, chief market analyst at trading platform IG, said the third quarter update would be a ‘crucial test for investors’.
This move separates the ice cream division, famously advertised by celebrities like Eva Longoria for Magnum, into an independent publicly traded entity.
