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Unilever picks Amsterdam over London for primary ice cream listing

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Ben & Jerry's maker Unilever will spin out its ice cream business and has chosen Amsterdam for its primary listing, it said on Thursday, in a blow to British finance minister Rachel Reeves' efforts to attract IPOs to London.
Unilever has decided to list its ice cream business in Amsterdam rather than London, marking a significant shift in its corporate strategy. This decision comes as part of a broader restructuring where Unilever plans to separate its ice cream division into a standalone entity. The choice of Amsterdam over London for the primary listing reflects considerations of market dynamics, regulatory environments, and possibly strategic business advantages in the European market. This move could impact the London Stock Exchange, as it loses a major listing, potentially affecting its attractiveness to other multinational corporations. The ice cream division, which includes popular brands like Ben & Jerry's, Magnum, and Wall's, is expected to be fully separated by the end of 2025, aiming to enhance focus and agility in both the remaining Unilever business and the new ice cream company.

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