Company Commentary on Unilever Delayed Demerger

5 days ago

Steven Carroll

"So, Unilever are pushing back the de merger of their ice cream unit. That's the Magnum Ice Cream Company. It had been on track to complete in mid-November but because of the US government shutdown, the registration statement for admittance on the New York Stock Exchange couldn\'t be declared effective. They said they\'re confident that the split will still happen this year, although timings are very much to be confirmed. This delay extends the long wait for Unilever, which had already been underperforming, as spinning off the unit is a key part of revamping their growth strategy."

The commentary discusses Unilever postponing the demerger of its underperforming Magnum Ice Cream Company due to complications stemming from a US government shutdown. While the company remains confident the split will occur within the year, the delay and uncertainty around timing add caution to the outlook.

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