Unlock free Digest editor
Roula Khalaf, editor of FT, chooses her favorite story in this weekly newsletter.
Unilever is leaning with a double or even triple list of his ice cream, with Amsterdam likely to be one place to float along with London or New York, according to people who are familiar with the issue.
The company plans to reject its division of ice cream of 15 billion euros, which includes brands like Magnum and Ben & Jerry’s, with a decision that will be published on the place of inclusion by the end of March.
Unilever with a list in London is still in the process of weighing numerous factors that would affect his choice, the people who familiarized the procedure said, and the outcome could change.
However, the Netherlands are likely to be presented as one market for the list, some of the people said, the outcome that could cause concern in London, where the group headquartered.
Nelson Peltz, an activist investor and a member of the Unilever Committee, advocated for an American list, some of the people said. The representative of Peltz’s management of the TRIAN Fund refused to comment. Unilever refused to comment.
In recent years, numerous companies have moved to the United States in the UK, attracted to higher estimates and more trading liquidity. Unilever, however, will remain under pressure to retain the presence in the original home markets of the UK and the Netherlands.
In particular, company 2020. gave beliefs The Dutch government that any future spin-offs from their food department and refreshing will be listed in the Netherlands as part of the plan to combine its double Anglo-Netherlands corporate structure into a unique London subject.
Last October, Unilever moved the headquarters of its Division of ice cream from Rotterdam to Amsterdam. A company’s executive director said the internal Netherlands was considered a natural suitable for the list given the place of its seat and that the new executive director of the ice cream unit, Peter Ter Kulve, Dutch.
At the Unilever Capital Market Day in November, the Finance Finance Chief Fernando said that he would provide the market for details in the first quarter of 2025 and that the division would become a solo job until July 1, with complete separation until the end to the end of the years.
The company had previously had shelf In order to initiate a sales process for finding a customer of private capital and focus on the pressure for the spin-off, the Financial Times reported.
Unilever is in a broad restructuring process, which includes spin-off ice cream, reduction of jobs and selling a series of smaller brands, including small and local food brands amounts up to £ 1 billion sales revenue.
Additional James Fontanella-Khan reporting in New York
