Consumer
Unilever Puts Amsterdam Above London for Ice Cream Spinoff
- London, New York get secondary listings of Ben & Jerry’s maker
- Unilever reports better-than-expected sales in fourth quarter
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Unilever Plc will list its ice cream unit primarily in Amsterdam, the consumer goods company said, with London and New York getting secondary listings when the maker of Ben & Jerry’s is spun off this year.
The decision will come as a blow to the London Stock Exchange, which had hoped Unilever could choose it as a single bourse or primary listing. The ice cream division’s home market of the Netherlands also wanted a sole listing, though the government said it welcomed the announcement on Thursday.