01:10 PM EDT, 10/21/2025 (MT Newswires) -- Unilever ( UL ) said Tuesday it has pushed back the planned demerger of its Magnum Ice Cream unit due to the US federal government shutdown, a day after South Korea-based DeepGreenX Group called off its planned direct listing in the US amid processing delays.

The British consumer goods giant had announced plans to spin off its ice cream business and slash roughly 7,500 jobs in March 2024. The demerger was previously on track for the middle of November, with subsequent stock market listings in New York, London and Amsterdam, news outlets reported.

"The revision to the timetable has arisen because the US Securities and Exchange Commission is currently unable to declare effective the US registration statement required for the Magnum Ice Cream Company NV shares to be admitted to listing and trading on the New York Stock Exchange," Unilever ( UL ) said in a Tuesday regulatory filing.

The government shutdown has now entered its 21st day amid lawmakers' failure to make a deal to extend the government's 2025 fiscal year funding. The shutdown "is likely to end sometime this week," CNBC reported Monday, citing National Economic Council director Kevin Hassett.

On Monday, green energy and technology firm DeepGreenX requested withdrawal of its registration statement for a US listing due to its inability to communicate with the SEC's staff. The company had made the filing in May.

Unilever ( UL ) said the preparatory work for the demerger is "progressing well," with the transaction still expected to complete this year. Unilever ( UL ) will announce further updates on the revised timetable "as soon as practicable," it said in the filing.

In a separate Tuesday filing, Unilever ( UL ) said its shareholders approved the post-consolidation of shares following the planned spin-off.

The company is scheduled to report third-quarter financial results Thursday.

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