Oct 5, 2018

Unilever scraps Dutch relocation plan

Unilever has scrapped its plan to move its headquarters to the Netherlands, after growing investor concern about the plan. Unilever, which makes Marmite and Dove soap, had been relocating to simplify its corporate structure. It said it recognised "The proposal has not received support from a significant group of shareholders". Chairman Marijn Dekkers said that the board continued to believe that simplifying Unilever's structure was in the firm's best interests. Unilever is to keep its listing on the London Stock Exchange, a spokeswoman said.

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