The reason for postponing the spin-off is that the US financial supervisory authority SEC is not functioning as it should during the shutdown of the government apparatus in the country, according to Unilever. And clearance from the SEC is needed to list Magnum Ice Cream on the New York Stock Exchange.
In the company's brand portfolio, in addition to Magnum, Ben & Jerry's is also included.
The shutdown of large parts of the US federal government apparatus, due to disagreement on the budget in the US Senate, began on October 1.
The spin-off of Magnum – which has struggled with profitability problems for a while – has been planned since 2024 and was previously planned for November 10.
The plan is to have the primary listing in Amsterdam, with secondary listings in London and New York for the ice cream company.
Unilever would, according to the plan, retain up to 20 percent of the shares in Magnum for up to five years after the spin-off.
