UNVR’s Strategic Move: Ice Cream Business Sold for Rp 7 Trillion
In a bold strategic move, PT Unilever Indonesia Tbk (UNVR) has decided to sell its ice cream business for a whopping Rp 7 trillion. The decision was met with positive reception as it was approved by the Extraordinary General Meeting of Shareholders (RUPSLB) and the Independent General Meeting of Shareholders (RUPS Independen) on Tuesday, January 14, 2025.
Analysts’ Perspectives: Strategic Goal in Question
Two analysts have raised questions regarding the strategic goal behind UNVR’s decision to part ways with its ice cream business. Abdul Haq Alfaruqy, an observer from Stocknow, expressed that investors believe this move will provide funding for the company’s expansion and accelerate its financial performance growth.
Senior Market Analyst Nafan Aji Gusta from Mirae Asset Sekuritas commended UNVR’s decision as a smart strategic move, considering the fierce competition in the Fast Moving Consumer Goods (FMCG) industry. This strategic shift not only signifies efficiency but also indicates greater growth potential for the consumer sector in Indonesia.
Company’s Vision: Strengthening Long-term Growth
UNVR’s President Director, Benjie Yap, emphasized that this decision is part of the company’s commitment to driving sustainable long-term growth. Yap stated that after divesting the ice cream business, UNVR will focus its resources on its core businesses, Home and Personal Care, and Nutrition. This strategy aims to enhance operational efficiency and foster product innovation.
Yap highlighted, “Unilever Indonesia intends to streamline operations, improve efficiency, and drive innovation by refocusing on our core business areas.”
This strategic realignment reflects UNVR’s dedication to strengthening its position in the market and fostering sustainable long-term growth. The company aims to enhance operational efficiency, drive innovation, and maintain a strong foothold in the consumer goods industry.
