The newly separated food division of Unilever will not list on the Euronext Amsterdam exchange, despite the Netherlands retaining the company's international headquarters following the split.
The decision means the new entity will maintain its primary listing in London, alongside its existing home market in the UK.
According to NRC Handelsblad, the listing choice separates the operational heart of the business from its financial listing venue.
While the Dutch government and local stakeholders secured the retention of the global headquarters, the capital markets strategy remains anchored in London.
This outcome is significant for Dutch institutional investors who may have anticipated a dual listing or a primary listing in Amsterdam to facilitate local access to the equity.
The spin-off represents a major structural change for the consumer goods giant, which has been working to separate its food and home/personal care divisions to unlock shareholder value.