Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleUnilever expects to finalize the Magnum Ice Cream spin-off by December 6, delayed by the U.S. government shutdown, impacting share listings in Amsterdam, New York, and London.
(Reuters) -Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6.
The delay underscores the disruptions caused by the three-week U.S. federal government shutdown with the U.S. Securities and Exchange Commission unable to declare the registration statement effective, which is required for shares of The Magnum Ice Cream Company to list and trade on the New York Stock Exchange.
The admission of shares of The Magnum Ice Cream Company, with a primary listing in Amsterdam and secondary listings planned in New York and London, is now expected to commence on December 8, rather than the earlier schedule of November 10, Unilever said.
The government shutdown is expected to cost the U.S. economy as much as $15 billion a week in lost output.
(Reporting by Shanima A in Bengaluru; Editing by Alan Barona and Tasim Zahid)
A spin-off is a type of corporate restructuring where a company creates a new independent company by selling or distributing new shares. This often allows the parent company to focus on its core business.
The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for enforcing the laws against market manipulation and protecting investors by ensuring fair and efficient markets.
A primary listing refers to the main stock exchange where a company's shares are listed and traded. This is typically where the company has its largest market capitalization.
Economic impact refers to the effect of an event, policy, or market change on the economy, including changes in employment, income, and production.
Share listing is the process of a company's shares being admitted to trade on a stock exchange, allowing investors to buy and sell the shares publicly.
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