Unilever scraps its plans to relocate to the Netherlands


Unilever, which makes Marmite and Dove soap, has scrapped its plan to move its headquarters to the Netherlands after growing criticism from investors.

The firm has headquarters in both London and Rotterdam, but announced in March that it planned to have just one HQ located in the Netherlands. But investors anticipate that the move could force UK shareholders to sell their shares.

However, chairman Marijn Dekkers said that the board continued to believe that simplifying Unilever’s Anglo-Dutch structure was in the firm’s best interests.

“The board will now consider its next steps and will continue to engage with our shareholders,” the company said in a statement.

Unilever’s current  structure, that is dual-headed, has been in place since 1930, when Dutch margarine firm Unie merged with British soap maker Lever Brothers. It is one of the biggest firms in the UK’s FTSE 100 share index, valued at about £124bn.




 London’s big investment firms welcomed the Unilever decision. “They did not believe it would be in the long-term interests of their clients, and would have resulted in many shareholders being forced to sell their shares.

-BBC News

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