Nestlé advances portfolio overhaul, prioritizing coffee, petcare, and nutrition while negotiating ice cream business divestments.
The Magnum Ice Cream Company trades on the strength of brands including Magnum, Ben & Jerry’s, Wall’s and Cornetto.
The company emphasized that the move is precautionary, aimed at safeguarding consumer health and maintaining trust in its brands.
The debut marks Euronext’s largest listing of the year so far, the exchange said. Magnum also has secondary listings in London and New York.
Ahead of the planned demerger, the ice cream and frozen desserts company has appointed one non-executive director, two executive directors, and four independent directors to its board.