Overview
- Shares opened at €12.20 in Amsterdam, 4.7% below the €12.80 reference price, then recovered to a slight gain, valuing the company at about €7.84 billion.
- The stock begins trading in Amsterdam with parallel listings in London and New York, and the company flagged potential pressure from ineligibility for major indices such as the FTSE.
- Unilever retains roughly a 20% stake in the new company and intends to sell down its holdings over the coming years.
- The portfolio spans Magnum, Ben & Jerry’s, Cornetto and Langnese, with Ben & Jerry’s contributing about 14% of sales and its foundation moving to address governance and control gaps.
- TMICC reported around €8 billion in 2024 revenue and €570 million in operating profit, and faces a capital‑intensive cold chain, commodity cost swings and health‑driven demand shifts including GLP‑1 drugs.