Unilever plans switch to British holding company to cut complexity

- Unilever proposed combining its Dutch and British legal entities in a single holding company based in Britain on Thursday, after shareholders sank an earlier plan to move the global consumer goods group’s headquarters to the Netherlands.

The proposal, which resulted from an 18-month review, was accelerated in part by Unilever’s decision to demerge its tea business this year. Unilever said achieving that demerger would be significantly more complex under its “dual headed” structure. Unilever said the new plan will not change its operations, locations, activities or staffing in Britain or the Netherlands.

Unilever said it will be achieved through a cross-border merger, with shareholders of Unilever NV getting one share of Unilever Plc for each share held.

This is NOT what should be happening with Brexit!

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese companies put U.S. listing plans on ice as tensions mountChinese companies are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters. But But But Donnie Loves XI, What Went Wong? THE NEW FEDERAL STATE OF CHINA . Ex-soccer star calls for end of CCP Good 🇺🇸
Source: Reuters - 🏆 2. / 97 Read more »