Overview
- Shares of The Magnum Ice Cream Company opened at €12.20 in Amsterdam, 4.7% below the €12.80 reference, for an initial market value near €7.84 billion before edging back toward the reference level.
- Unilever retains 19.9% of the company and plans to sell the stake gradually over roughly five years, with remaining shares allocated to Unilever investors.
- The stock listed in Amsterdam with parallel trading in London and New York, and the lack of near-term FTSE index inclusion had prompted warnings about potential selling pressure.
- TMICC encompasses brands including Magnum, Ben & Jerry’s, Cornetto and Langnese and generated about €8 billion in 2024 revenue, with management arguing focus will better suit its capital‑intensive cold chain.
- Analysts flag demand headwinds from healthier-eating trends and new weight-loss drugs, while a Ben & Jerry’s governance dispute persists as chair Anuradha Mittal declines to resign and the company cites foundation control deficiencies.