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unilever has warned that the dissolution of its ice cream business has been pushed back due to the US federal government shutdown.
The consumer goods giant is currently moving forward with the spin-off of Magnum Ice Cream Co., which also owns Ben & Jerry’s and Cornetto.
However, it told shareholders on Tuesday US Securities and Exchange Commission Currently unable to approve your registration for listing new york Stock Exchange.
The primary list of new business will be amsterdam But it will also have secondary listings in New York and London.
A spin-off with it was expected next month dutch Listing planned for 10 November.
Unilever insisted it was still “confident” of launching the demerger later this year, despite the delays.
The delay was related to the federal government shutdown that began on October 1 following a dispute between Democrats and Republicans over the budget.
In a statement, the company said: “Preparatory work for the demerger is on track and progressing well, and Unilever remains committed and confident of implementing the demerger in 2025.
“Further updates on the revised timetable will be provided as soon as possible.”
Unilever shareholders will meet on Tuesday to vote on share restructuring ahead of the demerger.