Unilever CEO says the Netherlands has a ‘good chance' of listing its $18.4 billion ice cream unit that owns Ben & Jerry's and Magnum – in another blow to London [Fortune]
Unilever PLC (UL)
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Source: Fortune
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. 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 Netherlands is very high on all competition lists in this area. But we ha
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