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Unilever plans switch to UK holding company to cut complexity

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Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.

FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay/File Photo

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 that transaction would be harder under its current structure. “We think it makes sense for the company to have as flexible an operational structure as possible, and this appears to achieve it without any obvious downside,” Clayton added.

Unilever said the new plan will not change its operations, locations, activities or staffing in Britain or the Netherlands.

 

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Oh my.. Brexit would be soooo bad for the UK... congrats with the Brexit Britans!!

Despite Brexit

Massive slap to the Brexit haters

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