Market Chatter: Unilever Suspends Plan to Sell Ice Cream Division to Private Equity

MT Newswires Live11-21 01:52

Unilever (UL) has suspended plans to commence a sales process for its ice cream business to private equity groups, the Financial Times reported Wednesday, citing people familiar with the matter.

Instead, the company will focus on a push to spin off the unit, which is home to brands like Ben & Jerry's, Magnum and Wall's, in an independent listing, the report said.

Unilever did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 57.40, Change: -0.46, Percent Change: -0.80

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