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Investing.com -- Unilever (LON:ULVR), the maker of Ben & Jerry’s, has chosen Amsterdam as the primary listing location for its ice cream business spinoff, it was confirmed on Thursday. The decision comes after the company unveiled its full-year earnings, which did not meet investor expectations.
Unilever saw a decrease of 6.29% in its stock price on Thursday. The company confirmed its plans to spin off its ice cream business, which includes not only Ben & Jerry’s but also Magnum, Breyers, and Talenti brands, as a stand-alone entity. The decision to primarily list in Amsterdam was made over other considered locations, including London and New York.
This decision ends several months of speculation regarding the future of Unilever’s ice cream business. The company had also considered selling the business as a part of its plans to separate it.
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