London Faces Battle for Unilever’s €17 Billion Ice Cream Listing

Unilever Plckicked off a competition between London and Amsterdam for a potential listing of its €17 billion ($18.4 billion) ice cream business, raising the prospect of another setback for the UK’s equity market.

While the London-listed company has not decided where the owner of the Ben & Jerry’s and Magnum brands would hold its main listing, Chief Executive Officer Hein Schumacher pointed out that the division is currently run from Rotterdam and is in the process of moving to a new head office in Amsterdam.

A Dutch listing would be a blow to London’s capital markets after a string ...