Unilever CEO Hints Dutch Could Win Fight for Ice Cream Listing [BNN Bloomberg (Canada)]
Unilever PLC (UL)
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Source: BNN Bloomberg
The Netherlands has “a good chance” of hosting the division after it is spun out of the consumer goods group, Chief Executive Officer Hein Schumacher told the Buitenhof TV show on Sunday. “The most likely route is to split off with a separate stock exchange listing and its own head office,” he said, adding that the division is currently run from the Netherlands. The consumer goods conglomerate announced plans to restructure its business last week, as new CEO Schumacher seeks to reverse years of lackluster performance. Read More: Unilever CEO Steps Up With Plan to Shed Ben & Jerry's, Jobs While Unilever has not decided where the division that owns the Ben & Jerry's and Magnum brands will list, the Dutch government wants the company to follow through on a promise it made four years ago that it would choose the Netherlands if it ever listed its wider food business. One condition of choosing a Dutch listing is that the business climate remains attractive, Schumacher said. “The
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