Every Spin-Off
Calendar
Spin-offs completed in 2025
21 separations, 11 of them in Europe, newest first.
DateSpin-offTransactionDocuments2-year mark
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
Date1 Nov 2025
Qnity ElectronicsQFrom DuPont · DD
TransactionSpin of Qnity Electronics business (Q)
Documents
2-year mark1 Nov 2027
Date30 Oct 2025
Solstice Advanced MaterialsSOLSFrom Honeywell International · HON
TransactionSpin of Solstice Advanced Materials business (SOLS)
Documents
2-year mark30 Oct 2027
Date20 Oct 2025
TKMSTKMSEUFrom thyssenkrupp · TKA · Frankfurt (Prime Standard)
TransactionNaval shipbuilding: submarines and surface warships, naval electronics (Atlas Elektronik).
Documents
2-year markNon-US
Date1 Oct 2025
Sony Financial GroupSFGYYFrom Sony · SONY
TransactionPartial spin of Sony Financial Group (SFGYY)
Documents
2-year markPassed
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
Date15 Jul 2025
GCI LibertyGLIBKFrom Liberty Broadband · LBRDA / LBRDK
TransactionSpin of GCI Liberty telecom unit (GLIBA)(GLIBK)
Documents
2-year mark15 Jul 2027
Date28 Jun 2025
RalliantRALFrom Fortive · FTV
TransactionSpin of Ralliant precision technologies unit (RAL)
Documents
2-year mark28 Jun 2027
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
Date7 May 2025
Lionsgate StudiosLIONFrom Lionsgate · LGF-A / LGF-B
TransactionSpin of Lionsgate Studios (LION)
Documents
2-year mark7 May 2027
Date7 May 2025
Costamare BulkersCMDBFrom Costamare · CMRE
TransactionSpin of Costamare Bulkers dry bulk business (CMDB)
Documents
2-year mark7 May 2027
Date31 Mar 2025
AngiANGIFrom IAC · IAC
TransactionSpin of stake in Angi (ANGI)
Documents
2-year mark31 Mar 2027
Date24 Feb 2025
SandiskSNDKFrom Western Digital · WDC
TransactionPartial spin of Sandisk flash memory business (SNDK)
2-year mark24 Feb 2027
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
Millrose PropertiesMRPFrom Lennar · LEN
TransactionPartial spinoff of Millrose Properties (MRP)
Documents
2-year mark7 Feb 2027
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
Gold links open the source document. Grey links open the SEC EDGAR search for the company where a direct link is not yet verified. European deals link to the company release, the exchange notice or a news report until the release is on file. The 2-year mark approximates the end of the Section 355(e) presumption period and applies to US deals only. Methodology.