Unilever completes unification of legal structure

Written on: December 1, 2020 by SprayTM

Unilever has completed the unification of its group legal structure under a single parent company, Unilever PLC. For the first time in its history, Unilever trades with one market capitalization, one class of shares and one global pool of liquidity, while also maintaining the group’s listings on the Amsterdam, London and New York stock exchanges.

“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,” said Nils Andersen, Chairman of Unilever.

There will be no change to the operations, locations, activities or staffing levels in either The Netherlands or the UK as a result of the unification, Unliever said. The headquarters of Unilever’s Foods & Refreshment Division will continue to be based in Rotterdam and the Home Care and Beauty & Personal Care Divisions will continue to be headquartered in the UK.