The Magnum Ice Cream Company (TMICC) has completed its demerger from Unilever, and its shares will begin trading on stock exchanges in London, Amsterdam and New York when the respective markets open today.
Unilever still owns a 20% stake in TMICC, which it plans to sell down to 0% over the next five years.
TMICC is the largest ice cream business in the world, with brands like Magnum, Ben & Jerrys, Wall’s and Cornetto in its portfolio.
The company has debuted with a market value of around €7.9bn (£6.9bn).
The shares rose 3.0% in early trading.
Our view
HL view to follow.
The Magnum Ice Cream Company key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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