IN BRIEF: Magnum Ice Cream directors buy USD715,000 in shares

Magnum Ice Cream Co NV - Amsterdam-based ice cream holding company, spun off from Unilever PLC - Asia President Wai-Fung Loh buys 43,000 shares at an average price of USD15.99 each, worth approximately USD687,432.40 in total. Chief Corporate Affairs & Sustainability Officer Victoria McKenzie-Gould buys 1,812 shares at EUR13.90, worth EUR25,186.80, or USD29,330.07 in total. This follows a Reuters report last month that several private equity firms have entered the early stages of considering possible bids for Magnum. Analysts at JPMorgan have said the process would not be straightforward, with tax considerations limiting near-term potential for a takeover.

Current share price in London: 1,233.50 pence, up 3.4% around noon Tuesday

12-month change: up 9.9%

Share price in Amsterdam: EUR14.27, up 3.5% on Tuesday afternoon

12-month change: up 10%

Share price in New York: USD16.59, up 2.2% in pre-market trading

12-month change: up 8.8%

By Holly Munks, Alliance News reporter

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