The food business spun off from Unilever, including household names such as Knorr and Calvé, is preparing for an initial public offering on the London Stock Exchange.
The move follows the US condiment maker McCormick's agreement to acquire the division in a £33.8 billion transaction, with the company confirming it will pursue a secondary share listing in London as part of the deal structure.
The decision to list in London rather than on Euronext Amsterdam marks a significant shift for the Dutch-headquartered giant.
Although the Netherlands retains Unilever's international headquarters following the split, the newly separated food division will not list on the Dutch exchange.
This outcome has been characterized by some market observers as a missed opportunity for the Amsterdam market, which stands to lose a major listing from one of its most prominent corporate residents.
The transaction underscores the growing divergence between Unilever's operational footprint and its financial center of gravity.