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Story summary
- Magnum Ice Cream, the Unilever spinoff, debuted on Amsterdam's Euronext with a market capitalization of about 7.8 billion euros.
- The listing aims to attract investors in the snacking sector.
- It creates the world's largest standalone ice cream business.
- Unilever retains a 19.9% stake in Magnum Ice Cream.
- Unilever's shares declined by around 5% after the listing.
