No Data
UBS Reaffirms Their Sell Rating on Unilever (ULVR)
Unilever plans to spin off the ice cream business, rather than sell it.
According to Financial Times, Unilever has shelved the plan for private equity to its ice cream business. Following the private equity firm losing interest due to the large scale and complex supply chain of the ice cream business, this consumer goods company with brands like Ben & Jerry’s and Magnum is seeking to spin off. Unilever will focus on splitting the ice cream business and IPO it separately.
Unilever (NYSE:UL) Opts for Spin-Off Over Private Equity Plans
Unilever Now Plans Spin-Off of Ice-Cream Unit, FT Reports
'Unilever Shelves Private Equity Plan for Its Ice-cream Business' -Financial Times
Express News | Unilever has shelved the private equity plan for its ice cream business, focusing on splitting the ice cream business and launching it separately through an IPO.
No Data
No Data
No Data