Going Dutch: Unilever said the Euronext exchange has won the battle for the ‘primary’ listing of its £13bn ice cream division behind brands including Magnum, Ben & Jerry’s and Cornetto.
In a bruising setback for the Chancellor, the consumer goods giant said the Euronext exchange in the Netherlands has won the battle for the ‘primary’ listing of the £13billion division that is behind brands including Magnum (advertised right by model Kendall Jenner), Ben & Jerry’s and Cornetto.
But the battle between the London, Amsterdam and New York exchanges ended in disappointment for the UK, where Marmite and Hellmann’s owner Unilever has its main listing.
Rachel Reeves was eager to win the fight for the Unilever ice cream business having seen other companies including Arm, Flutter and Ashtead head to rival exchanges.
Unilever has snubbed London and chosen Amsterdam for the main stock market listing of its ice-cream business.
