For the first time in its history, Unilever has enacted a new financial strategy. The company recently announced that it has completed the unification of its group legal structure, meaning that it now operates under a single parent company doing business as Unilever PLC.
“This is an important day for Unilever, and we would like to thank our shareholders for their strong support of our unification proposals, which give us greater flexibility for strategic portfolio change, remove complexity, and further improve governance,” remarked Nils Andersen, Chairman of Unilever, in a press release.
Unilever now trades with one market capitalization, one class of shares, and one global pool of liquidity. It also maintains its listings on the Amsterdam, London, and New York stock exchanges.
The release went on to note that there will be no change to the operations, locations, activities or staffing levels in either The Netherlands or the United Kingdom as a result of this unification. The headquarters for Unilever’s Foods & Refreshment Division will continue to be based in Rotterdam, The Netherlands, and the divisions for its personal care operations will continue to be headquartered in the United Kingdom.
For more information regarding this unification, click here.
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