Overview
- Shares opened at €12.20 on Euronext Amsterdam versus a €12.80 reference, implying roughly €7.8–€7.93 billion in market value, with secondary listings in London and New York.
- Unilever retains a 19.9% stake but plans to exit within five years, and its own shares fell around 3–4% on the demerger.
- Analysts highlighted forced selling by UK index trackers receiving non‑FTSE eligible shares as a driver of initial price pressure.
- Magnum escalated efforts to remove Ben & Jerry’s independent board chair Anuradha Mittal, who has refused to step down, as audits flagged governance issues at the brand’s foundation; Ben & Jerry’s contributes about 14% of group revenue.
- Management targets 3–5% medium‑term annual sales growth as a standalone ice‑cream pure play, citing a focused strategy for capital‑intensive cold‑chain operations after a NY listing delay tied to the recent US government shutdown.