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Unilever PLC (UL) CEO Puts €1.7 Billion for Mergers and Acquisitions
Yahoo Finance· 2025-12-12 12:24
We recently published 13 Best ADR Stocks to Invest In.  Unilever PLC (NYSE:UL) is one of the best ADR stocks. Unilever PLC (NYSE:UL) is one of the biggest consumer goods companies in the world. The start of the year has been quite busy for the firm as it completes its divestment of the ice cream brand Magnum and its CEO announces an allocation of €1.5 billion for mergers and acquisitions. On December 9th, Unilever PLC (NYSE:UL) CEO Fernando Fernandez explained that the firm will focus on the US through th ...
The Magnum Ice Cream Company confirms inclusion in AEX index on Euronext Amsterdam
Globenewswire· 2025-12-10 06:31
Core Insights - The Magnum Ice Cream Company (TMICC) has been included in the AEX Index on Euronext Amsterdam as of December 8, 2025, marking its first day of trading [1][2] - TMICC is recognized as the world's largest ice cream company, with a diverse portfolio of iconic brands including Magnum, Cornetto, and Ben & Jerry's, and operates in over 80 countries [3][5] - The company generated €7.9 billion in revenue in 2024, indicating strong financial performance [5] Company Overview - TMICC is headquartered in Amsterdam, Netherlands, and is the global leader in the ice cream market [3] - The company has a strategy focused on sustainable growth through innovation, productivity, and disciplined investment [3] - TMICC operates a global fleet of 3 million freezers, enhancing its distribution capabilities [5] Market Position - The AEX Index consists of the 30 largest and most actively traded companies on Euronext Amsterdam, highlighting TMICC's significant market presence [2] - The inclusion in the AEX Index positions TMICC alongside other leading Dutch and international businesses, enhancing its visibility to investors [3]
CNBC's UK Exchange newsletter: The world’s biggest ice cream maker hopes the future’s sweet
CNBC· 2025-12-10 05:30
In this articleULVR-GBThis report is from this week's CNBC's UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchLovers of ice cream brands like Magnum, Cornetto, Carte D'Or, Ben & Jerry's, Breyers and Wall's can now own shares in them directly following Monday's demerger of The Magnum Ice Cream Company (TMICC) from former parent Unilever.In one of the splashiest stock market events of 2025, shares of TMICC debuted on Amsterdam's Euronext, and there are also secondary listings in L ...
TMICC begins new life as global ice-cream leader in positive stock market debut
Yahoo Finance· 2025-12-08 14:14
Sales are more weighted to developed markets at 65% of total revenue versus 35% for emerging markets but TMICC also plans to put more leverage into advertising and promotional spending.For the time being, Unilever will retain a 19.9% stake in the demerged TMICC but that interest will be wound down gradually over five years, the parent company previously disclosed.In Amsterdam trading, Reuters put the valuation at $9.2bn as of a filing at 11:04am GMT today.“With our iconic brands, world-class capabilities, e ...
Unilever spinoff Magnum Ice Cream debuts on Amsterdam stock market
CNBC· 2025-12-08 08:26
Core Insights - Magnum Ice Cream Company, the largest standalone ice cream business globally, debuted on the Amsterdam stock exchange with an opening stock price of 12.20 euros, slightly below the reference price of 12.80 euros [1][2] - The company aims to be more agile, focused, and ambitious as an independent entity, according to CEO Peter ter Kulve [2] - Unilever's decision to spin off its ice cream division, which includes brands like Ben & Jerry's and Magnum, was influenced by investor pressure for a business overhaul [3] Financial Performance - The ice cream division generated 7.9 billion euros (approximately $9.2 billion) in revenue in 2023, indicating strong financial performance that supports the rationale for its independence [3]
X @Bloomberg
Bloomberg· 2025-12-08 07:52
For Unilever’s shareholders, the spinoff of Magnum comes after years of lackluster share price performance https://t.co/sJR9KSkHB0 ...
Initial admission to the Official List
Globenewswire· 2025-12-08 07:00
Core Points - The Magnum Ice Cream Company N.V. (TMICC) has announced the admission of its ordinary shares to trading on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange on December 8, 2025 [1][2][8] - TMICC's issued and outstanding ordinary share capital consists of 612,259,739 shares with a nominal value of EUR 3.50 each, carrying one vote per share [4][5] - The company generated €7.9 billion in revenue in 2024, establishing itself as the world's largest ice cream company with a portfolio that includes brands like Magnum, Ben & Jerry's, Wall's, and Cornetto [15] Admission Details - The registration statement was filed on November 4, 2025, and the prospectus was published on December 3, 2025 [2] - Trading on Euronext Amsterdam is set to commence at 9:00 a.m. (Amsterdam time), on the London Stock Exchange at 8:00 a.m. (London time), and on the New York Stock Exchange at 9:30 a.m. (New York time) on December 8, 2025 [8][11] - Shareholders will receive statements evidencing their interests in TMICC ordinary shares by December 23, 2025 [3] Company Strategy - TMICC aims to enhance agility, focus, and ambition as an independent listed company, with a clear strategy to deliver growth and improve productivity [6][7] - The company plans to lead the frozen snacking revolution by innovating new products and enhancing customer service, thereby creating value for shareholders and stakeholders [7]
The Magnum Ice Cream Company N.V. Announces Publication of Prospectus
Globenewswire· 2025-12-03 12:18
Core Viewpoint - The Magnum Ice Cream Company N.V. (TMICC) has announced the approval and publication of its prospectus for the admission of its ordinary shares to trading on Euronext Amsterdam and the London Stock Exchange, following its planned demerger from Unilever PLC [1][4]. Group 1: Admission and Prospectus - The prospectus has been approved by the Dutch Authority for the Financial Markets and the UK Financial Conduct Authority [1][3]. - TMICC's ordinary shares are set to be listed and traded on Euronext Amsterdam and the London Stock Exchange, with the admission expected to occur on December 8, 2025 [1][4]. Group 2: Demerger Details - The demerger from Unilever is anticipated to be completed on December 6, 2025, with key dates outlined in the prospectus [4][5]. - The latest time for transfers of Unilever shares to be registered is set for December 5, 2025, at 6:00 p.m. London time [6][8]. Group 3: Financial Performance - TMICC is recognized as the world's largest ice cream company, generating €7.9 billion in revenue in 2024 [12].
The Magnum Ice Cream Company successfully completes €3 billion debut bond issuance
Globenewswire· 2025-11-26 15:52
Core Viewpoint - The Magnum Ice Cream Company successfully completed a €3 billion debut bond issuance, marking a significant milestone as it transitions into a standalone entity [1][2]. Group 1: Bond Issuance Details - The bond issuance was conducted by Magnum ICC Finance B.V. and consisted of four tranches, each amounting to €750 million with varying fixed interest rates and maturity dates ranging from February 2029 to November 2037 [2][3]. - The issuance was part of a newly established €8 billion Euro Medium Term Note programme, which is guaranteed by The Magnum Ice Cream Company B.V. and its holding company [2][3]. Group 2: Market Response and Ratings - The bond offering was highly successful, with the order book being oversubscribed by over seven times, indicating strong market interest and confidence in the company's strategy [2]. - The Notes received ratings of "BBB" from S&P and "Baa2" from Moody's, reflecting a stable credit outlook [3]. Group 3: Use of Proceeds - The net proceeds from the bond issuance will be utilized for general corporate purposes, including facilitating the demerger from the Unilever Group [3]. Group 4: Company Overview - The Magnum Ice Cream Company is the largest ice cream company globally, with a diverse portfolio that includes brands like Magnum, Ben & Jerry's, Wall's, and Cornetto, and operates nearly 3 million freezers across 80 countries [7]. - The company reported revenues of €7.9 billion in 2024, showcasing its significant market presence [7].
The Magnum Ice Cream Company invests in UK as part of supply-chain changes
Yahoo Finance· 2025-11-25 13:17
The Magnum Ice Cream Company, Unilever's soon-to-be-listed ice-cream business, plans to up capacity and boost efficiency at a factory in the UK. The facility in Gloucester in south-west England supplies customers in the UK and in continental Europe. As part of the £50m ($65.6m) project, The Magnum Ice Cream Company (TMICC) will install two new production lines, replace an existing line and rebuild the site's mix plant. Jamie Farrell, the head of TMICC's operations in the UK and Ireland, said: “As we pre ...