Could this be the end of Anglo-Dutch? Unilever plans review of dual-center corporations

Could this be the end of Anglo-Dutch? Unilever plans review of dual-center corporations

Unilever is considering bringing an end to its dual-headed legal structure, according to a report published by Bloomberg. The FMCG giant currently maintains separate corporations in the UK and Netherlands.

“It has become clear to us given the dynamics around more significant change, that now is a good time to review it again,” Chief Financial Officer Graeme Pitkethly was reported to have said on a conference call with analysts.

The Anglo-Dutch manufacturer of Dove and Lynx did not reveal which jurisdiction it would choose should the move go ahead, although it has been vocal in its criticism of the UK’s decision to leave the EU, as well as the UK government’s lack of protection for companies subject to aggressive takeover bids following the Kraft-Heinz attempt earlier this year.

 

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