End of an era as Unilever UK shareholders back unification plan

Shareholders in Unilever Plc have approved the company's plan to end its 90-year-old dual-headed structure in favour of a single London-based entity, the Anglo-Dutch consumer goods company said on Monday.

Unilever wants to unify on Nov. 29, ending a hybrid structure that dates back to the merger of British soap maker Lever Brothers and Margarine Unie in the Netherlands. The only potential worry for Unilever is an"exit tax" proposed by a Dutch opposition party that could cost the company up to 11 billion euros .

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