Unilever to Review GroenLinks Exit Tax Bill's Impact on Unification Proposal -- Update
By Adria Calatayud
Unilever PLC said Friday that it will review whether a bill
tabled by Dutch green party GroenLinks to introduce a tax for large
businesses leaving the Netherlands will have an impact on its plan
to unify its dual British and Dutch corporate structure into a
The consumer-goods giant--the maker of Hellmann's mayonnaise and
Dove soap--noted 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.
"As previously disclosed, the boards intend to proceed with
their proposals provided that, in the boards' view, unification
remains in the best interests of Unilever, its shareholders and
other stakeholders as a whole," the company said.
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structure in the Netherlands was withdrawn in October 2018, after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 firstname.lastname@example.org
(END) Dow Jones Newswires
October 09, 2020 10:24 ET (14:24 GMT)
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