Unilever to Proceed With Unification Proposal as GroenLinks Tables Bill
By Adria Calatayud
Unilever PLC said Friday that its board intends to proceed with
a plan to unify its dual British and Dutch corporate structure into
a single company after Dutch green party GroenLinks tabled a bill
to introduce a tax for large businesses leaving the
The consumer-goods giant--the maker of Hellmann's mayonnaise and
Dove soap--noted that the tabling of the GroenLinks initiative bill
in the Dutch Parliament.
Unilever said it will review the bill to assess any potential
impact on its proposals for unification. In the board's view,
unification remains in the best interests of Unilever, its
shareholders and other stakeholders as a whole, the company
In June, Unilever said it would unify its legal structure under
a single parent company based in the U.K. The proposal was approved
by the company's shareholders last month.
A previous proposal to consolidate its British and Dutch legal
structure in the Netherlands was withdrawn in October 2018, after
the plan didn't receive support from a significant group of
Write to Adria Calatayud at email@example.com
(END) Dow Jones Newswires
October 09, 2020 07:43 ET (11:43 GMT)
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