Liberty's ITV Stake Reduction, Unilever Spin-off Delay, Novo Nordisk Board Reshuffle: Top Financial Developments
Recent financial transitions include Liberty Global decreasing its stake in ITV, Unilever's ice cream spin-off delay due to US shutdown, and a significant board change at Novo Nordisk. Additionally, Shawbrook targets a valuation of up to 2 billion pounds in its forthcoming IPO, marking significant activity in the London market.
Liberty Global, the largest shareholder in ITV, is set to cut its stake in the British broadcaster, planning to offload around 191 million shares. This strategic move comes a decade after first acquiring a significant position in ITV.
Unilever has postponed the planned spin-off of its 15 billion euro Magnum Ice Cream unit, citing disruptions caused by the U.S. government shutdown. The situation emerges as a potential hurdle for the consumer goods giant aiming to streamline its operations.
In a shake-up at Novo Nordisk, the chair and six independent directors have stepped down following a disagreement with the Novo Nordisk Foundation, the major shareholder. Meanwhile, Shawbrook is advancing with its IPO, targeting a valuation close to 2 billion pounds, highlighting renewed investor interest in London's financial market.
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