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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Survey: Most Japanese companies to maintain status quo on investment in Malaysia | Malay MailKUALA LUMPUR, June 10 — A joint survey conducted by the Japanese Chamber of Trade and Industry Malaysia (Jactim) and Japan External Trade Organisation (Jetro) showed that most Japanese companies operating in Malaysia are likely to maintain status quo on their investment in the next one to two...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia offers disclosure guidance for listed companies affected by Covid-19 | Malay MailKUALA LUMPUR, June 11 — Local stock exchange operator Bursa Malaysia Securities Bhd has issued a disclosure guidance on Covid-19 related impacts and investments for listed companies, as part of its commitment to assist them during this challenging time. Bursa Malaysia said based on its...
Source: malaymail - 🏆 1. / 86 Read more »