Every Spin-Off
Calendar
European spin-offs and demergers
Spin-offs, demergers and distributions of listed stakes in the United Kingdom, the European Union, Switzerland, Norway and the Nordic markets since 2023, of any size.
Upcoming in Europe
Filter in the full pipeline →Spin-offParentStatusExpectedResearch
Next six weeks
tk AccelisEUListing: Frankfurt Stock Exchange
Parentthyssenkrupp TKA GY
StatusAnnounced
Expected28 Oct 2026 (expected)
Research—
WISA GroupEUListing: Nasdaq Helsinki
ParentUPM-Kymmene UPM FH
StatusDate set
Expected2 Nov 2026
Research—
SKF VertevoEUListing: Nasdaq Stockholm
ParentSKF SKFB SS
StatusDate set
Expected1 Dec 2026
Research—
Q4 2026
Ramsay Santé (52.8% stake)EUListing: Euronext Paris (already listed); CDIs to trade on ASX
ParentRamsay Health Care RHC AU
StatusAnnounced
ExpectedDecember 2026
Research—
Q1 2027
ESL Shipping GroupEUListing: Nasdaq Helsinki
ParentAspo (to be renamed Telko Group) ASPO FH
StatusDate set
Expected4 Jan 2027 (expected)
Research—
Siemens Healthineers (30% stake)EUListing: Frankfurt (already listed)
ParentSiemens SIE GY
StatusAnnounced
Expected2027 (vote at Feb 2027 AGM)
Research—
Q2 2027
IP EMEA Packaging (DS Smith)EUListing: London Stock Exchange and NYSE
ParentInternational Paper Co IP US
StatusAnnounced
ExpectedH1 2027
Research—
Bergslagets SkogarEUListing: Nasdaq Stockholm (expected)
ParentStora Enso STERV FH
StatusAnnounced
ExpectedH1 2027
Research—
Unilever Foods + McCormickEUListing: NYSE (McCormick listing; combined company)
ParentUnilever ULVR LN
StatusAnnounced
ExpectedMid-2027
Research—
Q3 2027
Ziggo GroupEUListing: Euronext Amsterdam
ParentLiberty Global LBTYA
StatusAnnounced
ExpectedH2 2027
Research—
Q4 2027
PrimarkEUListing: London Stock Exchange
ParentAssociated British Foods LSE: ABF
StatusAnnounced
ExpectedBy end of 2027
ResearchReport available
Fellowship EntertainmentEUListing: Nasdaq Stockholm
ParentEmbracer Group EMBRACB SS
StatusAnnounced
Expected2027
Research—
Under review, no decision yet
Intertek Energy & InfrastructureEUListing: LSE (and possibly US listing)
ParentIntertek Group ITRK LN
StatusUnder review
ExpectedMid-2027
Research—
Taylor & FrancisEUListing: LSE (expected)
ParentInforma INF LN
StatusUnder review
ExpectedDecision Mar 2027
Research—
Completed in Europe
Filter in the full list →DateSpin-offTransactionDocuments2-year mark
Date15 Jun 2026
Salix GroupSALIXEUFrom Volati · VOLO · Nasdaq Stockholm
TransactionVolati's Salix Group business area (Nordic supplier of home-improvement, garden and building-related products) distributed 1:1 to ordinary shareholders.
2-year markNon-US
Date3 Jun 2026
AiraAIRAEUFrom Upsales Technology · UPSALE · Nasdaq First North Growth Market
TransactionPre-revenue AI sales-assistant app subsidiary distributed 1:1.
Documents
2-year markNon-US
Date28 May 2026
Octave IntelligenceOCTVEUFrom Hexagon
TransactionSpin-off of Hexagon's Octave software business, listed on Nasdaq New York with Swedish depositary receipts in Stockholm.
Documents
2-year markNon-US
Date11 May 2026
Norion BankNORIONEUFrom Fastighets AB Balder · BALD B · Nasdaq Stockholm
TransactionDistribution of Balder's ~47.7% stake (~90.5M shares) in listed consumer/corporate lender Norion Bank (ex-Collector); 0.0769 Norion per Balder share.
Documents
2-year markNon-US
Date23 Apr 2026
Kongsberg MaritimeKMAREUFrom Kongsberg Gruppen · KOG · Euronext Oslo Børs
TransactionMaritime division (ship systems, propulsion, automation, digital) demerged.
Documents
2-year markNon-US
Date17 Apr 2026
Creotech QuantumEUFrom Creotech Instruments · CRI · GPW Main Market (Warsaw)
TransactionQuantum technologies: quantum-secure communications/cryptography, time-synchronisation systems, quantum-processor control electronics, vision systems. 1:1 ratio, ~2.85m shares.
Documents
2-year markNon-US
Date15 Apr 2026
Syn2bioS2BEUFrom Synektik · SNT · GPW Main Market (Warsaw)
TransactionSynektik's biotech R&D arm; lead asset SYN2 cardiac biomarker in phase 3 trials. 1:1 ratio, 8,529,129 shares.
Documents
2-year markNon-US
Date2 Mar 2026
EasorEASOREUFrom Talenom · TNOM · Nasdaq Helsinki
TransactionSoftware/banking-services business of the accounting firm demerged 1:1.
Documents
2-year markNon-US
Date2 Jan 2026
Lassila & Tikanoja (new)EUFrom Luotea (ex-Lassila & Tikanoja) · Nasdaq Helsinki
TransactionEnvironmental services/circular economy business demerged; remaining facility services renamed Luotea; demerger registered 2025-12-31.
Documents
2-year markNon-US
Date11 Dec 2025
Coffee Stain GroupEUFrom Embracer Group · EMBRAC B · Nasdaq First North Premier Growth Market (Stockholm)
TransactionCoffee Stain (Goat Simulator, Satisfactory, Deep Rock) and other PC/console studios distributed 1:1.
2-year markNon-US
Date6 Dec 2025
The Magnum Ice Cream CompanyMICCEUFrom Unilever · UL
TransactionDemerger of Unilever's ice cream business, listed in Amsterdam, London and New York.
Documents
2-year markNon-US
Date5 Dec 2025
Gosol Energy Group (further shares)EUFrom Renewable Ventures Nordic · Spotlight Stock Market
TransactionPartial distribution of RVN's remaining Gosol stake: 7 Gosol shares per 6 RVN shares.
Documents
2-year markNon-US
Date20 Oct 2025
TKMSTKMSEUFrom thyssenkrupp · TKA · Frankfurt (Prime Standard)
TransactionNaval shipbuilding: submarines and surface warships, naval electronics (Atlas Elektronik).
Documents
2-year markNon-US
Date18 Sep 2025
AumovioEUFrom Continental · CON · Frankfurt (Prime Standard)
TransactionAutomotive electronics/sensors/software business (former Continental Automotive group sector).
Documents
2-year markNon-US
Date12 Sep 2025
HF ReverseEUFrom Havsfrun Investment · HAV B · Spotlight Stock Market
TransactionNewly formed reverse-takeover vehicle; Havsfrun distributed half its shares to >8,000 shareholders and remains sponsor/main owner.
Documents
2-year markNon-US
Date23 Jun 2025
AmrizeAMRZEUFrom Holcim · HCMLY
TransactionSpin-off of Holcim's North American building-materials business, listed in New York and Zurich.
Documents
2-year markNon-US
Date2 Jun 2025
Valterra PlatinumVALTEUFrom Anglo American · AAL · JSE (primary, already listed) + LSE Main Market (new international secondary listing)
TransactionPGM miner (platinum group metals); Anglo distributed part of its ~67% stake in the already JSE-listed Anglo American Platinum to its own shareholders (110 Valterra shares per 1,075 Anglo shares), alongside an Anglo share consolidation.
Documents
2-year markNon-US
Date19 Feb 2025
mResell HoldingEUFrom Upgrade Invest Nordic · Spotlight Stock Market
TransactionShell subsidiary distributed 1:1 with warrants, combined with mResell (refurbished-electronics reseller).
Documents
2-year markNon-US
Date7 Feb 2025
Asmodee GroupASMDEE BEUFrom Embracer Group · EMBRAC B · Nasdaq Stockholm
TransactionBoard-games publisher/distributor (Asmodee) distributed 1:1.
2-year markNon-US
Date10 Jan 2025
Haiki+EUFrom Innovatec · INC · Euronext Growth Milan
TransactionEnvironment / circular-economy holding: waste treatment, recovery and recycling plants (four divisions).
Documents
2-year markNon-US
Date16 Dec 2024
Canal+CANEUFrom Vivendi · VIV (Euronext Paris) · LSE Main Market
TransactionPay-TV and film/TV studio group (Canal+, StudioCanal).
2-year markNon-US
Date16 Dec 2024
HavasHAVASEUFrom Vivendi · VIV · Euronext Amsterdam
TransactionAdvertising and communications agency group.
Documents
2-year markNon-US
Date16 Dec 2024
Louis Hachette GroupALHGEUFrom Vivendi · VIV · Euronext Growth Paris
TransactionHolding of 66.5% of Lagardère SA (publishing, travel retail) and 100% of Prisma Media.
Documents
2-year markNon-US
Date8 Nov 2024
Sunrise CommunicationsSNREEUFrom Liberty Global · LBTYA
TransactionSpin-off of Liberty Global's Swiss telecom operator Sunrise, listed in Zurich with ADSs on Nasdaq.
Documents
2-year markNon-US
Date3 Oct 2024
PentixapharmPTPEUFrom Eckert & Ziegler · EUZ · Frankfurt (Prime Standard)
TransactionRadiopharmaceutical biotech developing CXCR4-targeted diagnostics/therapeutics (PentixaFor/PentixaTher).
Documents
2-year markNon-US
Date1 Oct 2024
GiG SoftwareEUFrom Gaming Innovation Group · G2M (Nasdaq Stockholm) / G2MNO (Oslo) · Nasdaq First North Premier Growth Market (SDRs); NDRs on Euronext NOTC
TransactionIGaming B2B platform/sportsbook software business separated from affiliate-media business (Gentoo Media); distribution completed 2024-09-30.
Documents
2-year markNon-US
Date26 Sep 2024
Optima HealthOPTEUFrom Marlowe · MRL · AIM
TransactionOccupational health services provider (Marlowe's former occupational health division); demerger dividend 1 Optima share per Marlowe share, no capital raised.
Documents
2-year markNon-US
Date1 Jul 2024
KalmarKALMAREUFrom Cargotec · CGCBV · Nasdaq Helsinki
TransactionContainer-handling and terminal equipment business.
2-year markNon-US
Date18 Jun 2024
Hermana HoldingEUFrom Magnora · MGN · Oslo Stock Exchange (per release)
TransactionLegacy licence business (70% of Western Isles Holding) demerged to shareholders 1:1; Magnora keeps 30% of Hermana.
2-year markNon-US
Date30 Apr 2024
SvitzerEUFrom A.P. Moller-Maersk
TransactionDemerger of Maersk's towage and marine services business, listed in Copenhagen.
Documents
2-year markNon-US
Date1 Feb 2024
PluxeePLXEUFrom Sodexo · SW · Euronext Paris
TransactionEmployee benefits and engagement: meal vouchers, gift cards, benefit cards.
Documents
2-year markNon-US
Date11 Dec 2023
SyensqoSYENSEUFrom Solvay · SOLB · Euronext Brussels and Euronext Paris
TransactionSpecialty chemicals and materials (polymers, composites, battery materials, surfactants).
Documents
2-year markNon-US
Date28 Nov 2023
Gosol Energy GroupEUFrom Renewable Ventures Nordic · Spotlight Stock Market
TransactionShell subsidiary RVN 3 distributed 1:1, then reverse-acquired GoSol, Swedish solar-panel installer.
Documents
2-year markNon-US
Date4 Oct 2023
SandozEUFrom Novartis · NVS
TransactionSpin-off of Novartis's generics and biosimilars business, listed in Zurich.
Documents
2-year markNon-US
Date22 Sep 2023
EuroTeleSitesETSEUFrom Telekom Austria · TKA · Vienna Stock Exchange (prime market)
TransactionPassive mobile tower infrastructure in Austria, Bulgaria, Croatia, Slovenia, North Macedonia, Serbia.
Documents
2-year markNon-US
Date6 Jul 2023
Hexagon PurusHPUREUFrom Hexagon Composites · HEX · Euronext Oslo Børs
TransactionDividend in kind of 69.2M Hexagon Purus shares (0.3432 per HEX share) in hydrogen/zero-emission mobility systems maker; HEX economic exposure fell to ~43%.
Documents
2-year markNon-US
Date24 May 2023
SEALSQLAESEUFrom WISeKey International · WIHN (SIX) / WKEY (Nasdaq) · Nasdaq
TransactionSecure semiconductors / post-quantum secure chips and PKI hardware.
Documents
2-year markNon-US
Date16 May 2023
Aros BostadsutvecklingEUFrom ALM Equity · ALM · Nasdaq First North Growth Market
TransactionDistribution of ALM's holding in already-listed residential developer Aros Bostad: 1 Aros share per 10 ALM common shares (taxable value SEK 36.40/share; ~SEK 40M total per Affärsvärlden headline).
Documents
2-year markNon-US
Date20 Apr 2023
Dowlais GroupDWLEUFrom Melrose Industries · MRO · LSE Main Market (premium listing)
TransactionGKN Automotive (driveline), GKN Powder Metallurgy and GKN Hydrogen auto-components group.
Documents
2-year markNon-US
Date12 Jan 2023
Scandinavian Astor GroupASTOREUFrom Renewable Ventures Nordic · Spotlight Stock Market
TransactionShell subsidiary RVN 2 distributed 1:1, then reverse-acquired Astor (Swedish defence/security technology group); moved to NGM Main Market 2025-12-04.
Documents
2-year markNon-US
Date18 Jul 2022
HaleonHLNEUFrom GlaxoSmithKline · GSK
TransactionDemerger of GSK's consumer healthcare business, listed in London and New York.
Documents
2-year markNon-US
There is no European equivalent of SEC EDGAR, so coverage of the smallest companies is best-effort. Missing deals and corrections are welcome. Methodology.