In March 2024, Unilever announced its intention to spin off its ice division and explore various options, including an IPO, sale, or joint venture. Todays decision means that the ice division will continue as an independent company with a legal and physical presence in the Netherlands and a stock listing on Euronext Amsterdam. This preserves an important economic activity for the Netherlands, with hundreds of jobs at the headquarters and among suppliers.
Prior to this decision, the cabinet regularly consulted with Unilever to secure as many activities and jobs in the Netherlands as possible. The advantages of the Dutch business climate, such as a well-educated workforce, tax policy, international accessibility, and the innovative Agri-Food ecosystem were highlighted. Additionally, the cabinet emphasized how a Dutch stock listing could contribute to strengthening the European capital market union. Unilevers ice division is valued by analysts as a potential top-10 player within the AEX index. This underscores the economic importance of the decision for both the company and the Netherlands.
The cabinet views Unilevers choice as a confirmation of the policy pursued to promote an attractive business climate. The cabinet remains committed to a stable and competitive business environment, aiming to bring the Netherlands back into the top 5 of the most competitive economies worldwide, as outlined in the Government Program. “Unilevers decision is an important step forward in strengthening the international position of the Netherlands as a location for businesses, large and small,” said Minister Beljaarts (EZ).