Magnum Ice Cream Company to hit markets following Unilever split
Consumer goods giant Unilever Plc announced on Friday that the demerger of its ice cream business, now named The Magnum Ice Cream Company, will complete on 6 December.
Unilever said Magnum Ice Cream Company shares were expected to commence trading on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange on 8 December.
Following the demerger, Unilever said it plans to implement a share consolidation to maintain comparability of its per-share metrics, with the consolidation becoming effective on 9 December.
Unilever was forced to delay the demerger of its ice cream unit back in October due to the US federal government shutdown, which stalled a legal registration needed to list its shares in New York.
Reporting by Iain Gilbert at Sharecast.com
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