Magnum Ice Cream Completes Spin-Off from Unilever, Begins Independent Trading

The Magnum Ice Cream Company (TMICC) has successfully completed its separation from Unilever and commenced trading as an independent entity on the Amsterdam, London and New York stock exchanges as of December 8, 2025. This marks a significant shift for the global ice cream leader, encompassing brands like Magnum, Cornetto, and Ben & Jerry’s.

Spin-Off Details and Timeline

Unilever initially announced plans to spin off its ice cream division in March 2024. The process was briefly delayed due to the U.S. Government shutdown in November 2025, which impacted the Securities and Exchange Commission’s (SEC) ability to finalize the New York listing NL Times. Key dates in the separation include:

• July 1, 2025: TMICC began operating as a standalone company.
• December 3, 2025: Prospectus publication.
• December 6, 2025: Demerger completion.
• December 8, 2025: Listing day and commencement of trading in Amsterdam, London, and New York.

Strategic Rationale for the Spin-Off

Unilever determined that its ice cream business, with approximately €7.9 billion in revenue in 2024, operated differently from its core divisions of Beauty & Well-being, Personal Care, Home Care, and Foods NL Times. The company believes that TMICC will achieve greater success and agility as an independent entity, given the ice cream industry’s unique seasonality and logistical requirements.

Market Debut and Ownership

Shares of The Magnum Ice Cream Company opened at €12.20 on the Amsterdam stock exchange, slightly below the reference share price of €12.80 CNBC. The company ended its first European trading session at €12.97, resulting in a market capitalization of approximately €7.9 billion. Unilever retains a minority stake in the newly independent company.

Corporate Structure and Leadership

The Magnum Ice Cream Company is incorporated in the Netherlands and is headquartered in Amsterdam The Magnum Ice Cream Company. Peter ter Kulve serves as the Chief Executive Officer of TMICC.

Investor Resources

Comprehensive information regarding the demerger, including key documents, financial calendars, and frequently asked questions, is available on The Magnum Ice Cream Company’s investor relations website The Magnum Ice Cream Company. Investors can also contact Michele Negen, Head of Investor Relations, at michele.negen@magnumicecream.com.