Insight

Unilever Indonesia Sells Ice Cream Business

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Algo Research Team

Company | Dec 12, 2024 | Views: 346

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Key Summary:

  • Divestment is part of a larger strategy from Unilever Plc
  • The proposed transaction amounts to IDR 7 trillion
  • Proceeds to be used for dividends, around 5.3% yield

As part of Unilever Plc's global directive, PT Unilever Indonesia (UNVR) has signed an agreement with PT The Magnum Ice Cream Indonesia (“Purchaser”) to divest its ice cream division.


By the numbers: The proposed total transaction is valued at IDR 7 trillion (excluding VAT), reflecting a 204% premium to UNVR’s total equity as of September 2024.

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