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List ice cream unit in UK and US, Unilever urged

Unilever has been told to choose a dual listing in London and New York for its £13billion ice-cream business.

Analysts at Barclays said this would ‘be the best balance’ to minimise a big sell-off from investors and to maximise a new company’s valuation.

A US-only listing could see some UK and European investors forced to sell, the note added. Around 70 per cent of the consumer giant’s shareholders are based in the US or UK.

Barclays reckons a venue will be announced by the end of March.

Unilever is considering a dual or even triple listing amid a fierce battle between Amsterdam, London and New York for the division, whose brands include Magnum.