Unilever poised to pick Amsterdam over London for Ben & Jerry's spin off [Yahoo! Finance]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
Chief executive Hein Schumacher said the Netherlands had a “good chance” of becoming the formal headquarters for the new business and Amsterdam led the race as the preferred location for a new listing of shares. Mr Schumacher last week unveiled plans to spin off the ice cream business , which owns Ben & Jerry's, Magnum and Wall's, in a bid to simplify Unilever's sprawling empire. Mr Schumacher told Dutch TV on Sunday: “As a company we are now listed in London, the largest market for ice cream is the United States and we currently run the ice cream division from the Netherlands. If I follow the most likely route, then the Netherlands has a good chance.” The move may risk a fresh backlash from UK shareholders who previously rebelled over plans to shift the group's centre of power to the Netherlands. Unilever's British shareholders rebelled against a 2018 proposal to make Rotterdam the group's headquarters instead of London. Former chief executive Paul Polman was forced to dit
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- UL's page on the SEC website