Unilever spinoff Magnum Ice Cream debuts on Amsterdam stock market [MSNBC.com]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
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Source: MSNBC.com
In this articlePackets of Walls Cornetto, Magnum and Ben & Jerry's ice cream are displayed on March 20, 2024.John Keeble | Getty Images News | Getty ImagesMagnum Ice Cream Company, the world's largest standalone ice cream business, on Monday debuted on the Amsterdam stock exchange.The stock opened at 12.20 euros, slightly below its reference share price of 12.80 euros"We became the global leader in ice cream as part of the Unilever family," CEO Peter ter Kulve said Monday ahead of the debut. "Now, as an independent listed company, we will be more agile, more focused, and more ambitious than ever."first announcedThe consumer goods giant faced pressure from investors to overhaul its sprawling business. Its ice cream division, which generated 7.9 billion euros ($9.2 billion) in revenue in 2023, would perform better as a stand-alone business.watch nowVIDEO1:2201:22The scoop on Unilever's ice cream spinoffEurope Early EditionSpeaking to the Financial Times, Magnum's CEO Peter ter Kulve sai
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