Unilever has this week provided a further update on the timetable for the separation of its ice cream business, expecting to complete the demerger on 6 December 2025.

In a stock exchange filing released on 4 November, Unilever said the spin-off of its ice cream unit, The Magnum Ice Cream Company (TMICC), is on track to be finalised by the early December date following an earlier revision of its timetable.

The company released a statement in October, revealing that factors including the US federal government shutdown had resulted in a delay of the €15 billion demerger. TMICC was originally

planned to be listed on the New York Stock Exchange on 10 November 2025.

However, following this announcement, the F&B giant reaffirmed that it was still confident the separation would be complete by the end of 2025, with all preparatory work ‘on track and progressing well’.

While the timeline could still be subject to change, Unilever expects to complete the demerger on 6 December, with admission of the TMICC shares to listing and trading, and the commencement of dealings in TMICC shares, on 8 December 2025.

Following the demerger, Unilever will retain a 19.9% stake in the newly independent TMICC for up to five years.

The move is part of a wider strategy for Unilever to streamline its portfolio and operations, concentrating on its core brands with the goal of enhancing efficiency and increasing value for shareholders.