Unilever Now Plans Spin-Off of Ice-Cream Unit, FT Reports

Dow Jones11-21 02:06

--Unilever has shelved plans to sell its ice-cream division to private equity groups and will instead aim for a spin-off of the unit in an independent listing, the Financial Times Reported, citing sources.

--Unilever's change of plans comes after private equity firms cooled their interest on a potential deal given the ice-cream division's large size and complicated supply chain, among other reasons, according to FT.

--A bidder for the division, whose portfolio of brands includes Ben & Jerry's, Magnum and Wall's, could still emerge, the FT said, adding that the business could be worth about EUR10 billion to EUR15 billion.

Full article at https://www.ft.com/content/ceb989be-f7ef-4b52-8aab-b70f34e9db2a

Write to (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

November 20, 2024 13:06 ET (18:06 GMT)

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