Unilever in talks with UK government to list £15bn ice-cream giant in London
Quote from VATcal on 26/04/2024, 20:13Unilever is in discussions with the British government about listing its newly formed ice-cream business on the London Stock Exchange. The consumer goods giant is planning to spin off the unit, which includes popular brands like Ben & Jerry's, Wall's and Magnum, in a move valued at around £15 billion.
Unilever CEO Hein Schumacher has remained tight-lipped on whether Chancellor Jeremy Hunt has been directly involved in the talks, but confirmed "regular updates with people in government". London is facing stiff competition from Amsterdam and New York Stock Exchanges, both of which could be attractive options for the ice-cream giant. Unilever has its headquarters in the Netherlands, while a large portion of its ice-cream sales come from the United States.
Securing the listing would be a major coup for the London Stock Exchange, particularly given the current economic climate. The government is likely to be offering incentives to sway Unilever's decision, with the hope of boosting the UK's financial standing. A final decision on the listing location is not expected for another 18 months.
Unilever is in discussions with the British government about listing its newly formed ice-cream business on the London Stock Exchange. The consumer goods giant is planning to spin off the unit, which includes popular brands like Ben & Jerry's, Wall's and Magnum, in a move valued at around £15 billion.
Unilever CEO Hein Schumacher has remained tight-lipped on whether Chancellor Jeremy Hunt has been directly involved in the talks, but confirmed "regular updates with people in government". London is facing stiff competition from Amsterdam and New York Stock Exchanges, both of which could be attractive options for the ice-cream giant. Unilever has its headquarters in the Netherlands, while a large portion of its ice-cream sales come from the United States.
Securing the listing would be a major coup for the London Stock Exchange, particularly given the current economic climate. The government is likely to be offering incentives to sway Unilever's decision, with the hope of boosting the UK's financial standing. A final decision on the listing location is not expected for another 18 months.
