The Magnum Ice Cream Company N.V. (Magnum) is a global market leader in ice cream, operating in 80 countries and accounting for approximately 21% of the global retail ice cream market. The Company is the largest ice cream company by retail sales in the world and is home to four of the world’s five largest ice cream brands: the Heartbrand, Magnum, Ben & Jerry’s, and Cornetto. The Group offers a diverse portfolio of ice cream products catering to various consumption occasions and regional preferences, with a strong presence in both at-home and away-from-home consumption segments.
The Company was formed following the demerger of the Ice Cream Business from Unilever PLC on December 6, 2025. The demerger was structured through an interim in specie dividend, where Unilever transferred the Ice Cream Business to Magnum in exchange for the issuance of Ordinary Shares to Unilever Shareholders and Unilever ADS Holders at a ratio of one Ordinary Share for every five Unilever Shares or Unilever ADSs then held.
Magnum’s operations are supported by a robust end-to-end supply chain and production footprint across six continents, enabling economies of scale, agility, and local-for-local production and distribution. The Company is managed through three regions: Europe and ANZ, Americas, and AMEA (further divided into METSA and Asia).
The Company recently acquired Unilever’s ice cream businesses in India and Portugal. The acquisition of Unilever’s Indian Ice Cream Business, Kwality Wall’s India Ltd, was completed on March 30, 2026, for €279 million, subject to certain conditions. The acquisition of Unilever’s Portuguese Ice Cream Business was completed on April 1, 2026, for €149 million.
The Company’s Ordinary Shares are listed on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange under the symbol “MICC.” As of March 30, 2026, the Company had 612,259,739 Ordinary Shares outstanding, and the last reported sale price on the NYSE was $14.63 per share on March 27, 2026.
The prospectus details the risk factors associated with investing in Magnum’s Ordinary Shares, including the potential impact of multiple listings on liquidity and price, the possibility of significant share price fluctuations, and the risk of dilution due to the issuance of additional Ordinary Shares for future acquisitions or share incentive plans. Additionally, the prospectus highlights the Company’s dividend policy, capitalization structure, and tax considerations for shareholders.
The Company is a foreign private issuer, allowing it to follow home country corporate governance practices. This may provide less protection than NYSE rules applicable to domestic issuers, particularly regarding voting and committee requirements. The Company’s directors and senior management are not subject to short-swing profit and insider trading reporting obligations under Section 16 of the Exchange Act but are subject to the obligations to report changes in share ownership under Section 13 of the Exchange Act and related SEC rules.
The prospectus outlines the plan of distribution for the Ordinary Shares being offered by the Selling Securityholders, who are granted certain registration rights under the Registration Rights Agreement. The shares may be sold through various methods, including public and private transactions, at market prices or negotiated prices. The Company will not receive any proceeds from these sales and will bear all costs related to the registration and offering of the securities.
The prospectus also addresses the enforceability of civil liabilities, legal matters, and the expertise of independent advisors involved in the Company’s financial reporting.
