Unilever to consolidate shares on 8-for-9 ratio after Magnum demerger

Reuters12-09 02:01
Unilever to consolidate shares on 8-for-9 ratio after Magnum demerger

Dec 8 (Reuters) - Unilever ULVR.L announced on Monday it will consolidate its shares at a ratio of 8 new shares for 9 existing shares, after it completed the demerger of its ice cream business Magnum MICC.N.

(Reporting by Unnamalai L in Bengaluru; Editing by Krishna Chandra Eluri)

((Unnamalai.L@thomsonreuters.com;))

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