(Alliance News) - Unilever PLC is leaning towards a dual or even triple listing of its ice cream business, with Amsterdam likely to be one venue for the float alongside London or New York, the Financial Times reported on Friday.
According to FT sources, the company is planning to spin off its EUR15 billion ice cream division which includes brands such as Magnum and Ben & Jerry’s, with a decision set to be announced on the listing venue by the end of March.
London-listed Unilever is still in the process of weighing up a number of factors that would influence its choice, the FT said, and the outcome could change.
However, the Netherlands is likely to feature as one market for the listing, an outcome that could cause consternation in London where the group is headquartered, the report continued.
Nelson Peltz, the activist investor and Unilever board member, has advocated for a US listing, the report added. A representative for Peltz’s Trian Fund Management declined to comment. Unilever also declined to comment.
Shares in Unilever closed down 0.1% at 4,659.50 pence each in London on Friday.
By Jeremy Cutler, Alliance News reporter
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