The step did not go very unexpectedly. Nutrition group Unilever confirmed this morning at the presentation of his annual figures that it brings the ice cream division to the stock exchange separately. The question was lately especially where the new company would receive listing. So that will be the fairs in Amsterdam, London and New York. The Unilever shares are also traded there. The head office will be in Amsterdam.
Unilever had already announced his division with ice cream brands such as Ola (Cornetto, Magnum) and Ben & Jerry’s The former Dutch group has lately mainly disposed of nutritional brands. Unox and Conimex have already been sold, and the vegetarian butcher would also be in the shop window.
The British company wants to concentrate on its thirty strongest brands. Ice does not fit with that: the logistics process is complicated – for storage and transport is required more than, for example, the world dishes of Knorr – and the demand for ice is strongly influenced by weather conditions. Unilever thinks that is too erratic, and at the same time it would be reason that it was difficult to find a buyer for the entire division, Reuters news agency reported earlier.
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Former CEO Heineken leads IPO
A heavyweight will lead the split: former Heineken chief executive Jean-Francois van Boxmeer. He is currently commissioner Van Heineken Holding, parent company of the Bierbrouwer. Boxmeer is also president of the commissioner at telecom giant Vodafone.
The ice division does not get a traditional IPO. Investors receive the same number of shares in the new company as they have in Unilever. The spin -off must be completed at the end of this year.
Unilever booked 60.8 billion euros in turnover about 2024, 1.8 percent more than the year before. The underlying operational profit was 11.2 billion, an increase of more than 12 percent. The group managed to greatly increase sales, including with substantial marketing campaigns. Unilever spent 15.5 percent of every euro earned last year. The marketing budget rose by 900 million euros, to the highest level in ten years, according to the company. On Wednesday, Heineken also reported considerably higher editions to campaigns to sell his products in times of high inflation.
