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Magnum Ice Cream Valued at €7.8bn in Amsterdam Listing
Magnum's standalone listing values the company at €7.84 billion with Unilever retaining a 19.9% stake and plans to exit within five years, targeting over 20% of the $87 billion market.
- On Monday, December 8, Magnum Ice Cream Company listed in Amsterdam, trading at €12.81, implying a 7.84 billion market cap.
- Citing the complexity of cold-chain operations, Unilever separated the ice-cream business and will retain a 19.9% stake while Magnum Ice Cream Company focuses solely on improving productivity.
- Analysts pointed to reference price mechanics and early intraday moves: the reference price €12.8, shares opened at €12.20 on Euronext Amsterdam before rising to around €13.
- Unilever shares fell as a result, becoming the STOXX 600's biggest decliner on Monday as Magnum warned of early pressure from index ineligibility and separation costs.
- Magnum's listing positions it as a market leader with more than a fifth of the $87 billion global ice-cream market, while Froneri holds 11% and Ben & Jerry's accounts for almost 14% of Magnum's revenue amid governance concerns.
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Coverage Details
Total News Sources20
Leaning Left7Leaning Right3Center2Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 17%
R 25%
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