Unilever delays dissolution of Magnum Ice Cream as US SEC halts filing amid government shutdown

Unilever delayed the spin-off of Magnum Ice Cream due to the US government shutdown, which halted SEC processes needed for a listing in New York. Unilever delayed its Magnum Ice Cream spin-off as US SEC halted filings amid government shutdown. (REUTERS) Unilever has delayed its plan to spin off ice cream brand Magnum, Reuters reports. According to the company, the US government shutdown is currently forcing it to push the update. The company initially planned to list the shares of its ice cream brand in various markets in Europe and the US from mid-November. However, it seems that it has been delayed further. A Bloomberg report mentioned that the US Securities and Exchange Commission (SEC) could not provide the US registration statement. It is an essential requirement to list the shares of the ice cream brand on the New York Stock Exchange. Unilever-Magnum Ice Cream deal Unilever, also known for its goods such as Dove soap, earlier posted on the company’s website that The Magnus Ice Cream Company (TMICC) plans to separate from the brand. It will function as an independent company, titled TMICC. The company was announced to be incorporated in the Netherlands. Meanwhile, its shares were expected to be listed on the Amsterdam, London and New York stock exchanges in November 2025. Unilever also mentioned that it will initially hold almost 20% of the ice cream brand, which will be sold gradually. The spin-off was planned to be effective from Q4. The company has reportedly been planning to spin off its ice cream brand since last year. This was done to revamp the business and attract more revenue, reports Bloomberg. TMICC is led by Peter ter Kulve, who has already started building his global team. The supply chain optimization is already underway. US government shutdown The US federal government began in shutdown October 1, after a stand-off between Democrats and Republicans regarding funding legislation. The shutdown has led to several IPOs being put on hold for the time being, reports CNBC. Companies avoid being listed on Wall Street during such a time. Despite the delay, Unilever is already in good spirits. The company mentioned that it is already progressing well with the spin-off. It also held a general meeting on Tuesday. The shareholders are apparently in favor of the proposed consolidation. The company will soon announce new timelines for the spin-off. Frequently asked questions 1. Why is the Magnum secretion delayed? The US government shutdown prevented the SEC from processing the necessary registration entries. 2. Where was Magnum Ice Cream supposed to be listed? Shares would be listed on the Amsterdam, London and New York stock exchanges from November 2025. 3. What will the new company be called? The new standalone entity will be called The Magnum Ice Cream Company (TMICC).