The company's London-base move approved by more than 99% of investors, matching an earlier approval rate by Dutch investorsShareholders in the UK arm of Unilever voted overwhelmingly in favour of unifying the company’s headquarters in the UK, moving the Dove soap maker’s plan to end dual nationality a step closer to completion.
The owner of Knorr stock cubes and Axe shower gel has maintained twin bases since the 1930 merger of Margarine Unie of the Netherlands and UK soapmaker Lever Brothers. It began moving to unwind that structure after an unsolicited takeover approach from Kraft Heinz in 2017. The vote hands a win to CEO Alan Jope after the company withdrew a proposal to unify its business in the Netherlands under his predecessor, Paul Polman. That reversal came after UK stockholders rebelled against the company’s potential exit from the FTSE 100 index.
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