Unilever plans switch to British holding company to cut complexity | Malay Mail

Thursday, 11 Jun 2020 04:08 PM MYTLONDON, June 11 — Unilever proposed combining its Dutch and British legal entities in a single holding company based in Britain today, after shareholders sank an earlier plan to move the global consumer goods group’s headquarters to the Netherlands.

Unilever said the merger will not impact the listing of Unilever NV on the Amsterdam Stock Exchange or of Unilever Plc on the London Stock Exchange. “Unifying the company’s legal structure will create greater strategic flexibility, remove complexity and further improve governance. We remain committed to The Netherlands and the UK and there will be no change to Unilever’s footprint in either country,” Nils Andersen, Chairman of Unilever, said.

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