1232 GMT - The more balanced option for a floating of Unilever's Ice Cream unit would be a dual listing between New York and London as it would minimize risks and boost the valuation, Barclays analysts say in a note. A potential listing is unlikely to please all investors given the wide frame of where a float should take place, with U.S., U.K. and the Netherlands being considered, they say. However, Barclays say the best outcome for the business would be a sale or the creation of a joint venture with proceeds returned through a share buyback. They note, however, that a sale is less tax efficient while a JV wouldn't unlock cash immediately. Unilever is due to provide a detailed separation update before the end of 1Q. Shares are down 0.5% at 46.09 pounds. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 07:32 ET (12:32 GMT)
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