11:18 AM EDT, 03/22/2024 (MT Newswires) -- (Updates with Unilever ( UL ) comment in the fifth paragraph.)

Unilever ( UL ) is being pressed by the Dutch government to list its ice cream business in the Netherlands, Bloomberg reported Friday, citing a spokesperson for the Ministry of Economic Affairs.

Minister of Economic Affairs Micky Adriaansens will soon meet with Unilever ( UL ) Chief Executive Hein Schumacher to talk about the company's listing plans, the report added, citing the spokesperson.

Unilever ( UL ) said Tuesday it plans to spin off its ice cream unit and cut 7,500 jobs under a plan to rein in costs.

"This week, Unilever ( UL ) revealed that the ice cream division will be spun off. In doing so, the CEO said that the Netherlands is a good option for listing the ice cream division," a spokesperson for the Ministry of Economic Affairs told MT Newswires in an email. "This is a positive signal in line with previous commitments. We are and will remain in discussion with Unilever ( UL ) on this."

A Unilever ( UL ) spokesperson told MT Newswires in an email that "while a demerger of Ice Cream is the most likely separation route, other options will be considered to maximise returns for shareholders," adding that details will be "announced in due course."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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