Corporation Unilever is going to change the structure, in effect since 1930: it will unify its British and Dutch legal entity in one of the British. This will simplify the structure of the company, and facilitate the allocation of some units in a separate company in the future and the sale of the assets.One of the world leaders in the production of consumer goods — an Anglo-Dutch Corporation Unilever, announced Thursday a major restructuring. The company intends to simplify its structure by combining two legal entities, the British Dutch Unilever PLC and Unilever NV. The combined company — Unilever PLC — will be registered in the UK, the only headquarters of the company will now also be in London — before Unilever was also the headquarters in Rotterdam. Thus, they will own 55% of the shares of the combined Unilever, and the shareholders of the former British Unilever PLC — 45% of the shares. The company’s shares will continue to be traded on exchanges in London, Amsterdam and new York.It is the largest restructuring Unilever in 90 years — this double-headed structure of the company acquired in 1930. The restructuring of the company is discussed not the first year in 2018 Unilever has already announced the creation of a single legal entity, however on the contrary then it was about the refusal of the British and saving only the Dutch. After a few months the company abandoned this plan, as it was not supported by many shareholders.As noted in Unilever, the Dutch authorities demanded that it guarantees that in case of allocation of business for the production of food and beverages into a separate company will be created a public company with headquarters in the Netherlands. The Dutch authorities have already said that you regret the company’s decision to make a single headquarters in the UK. The branch office over the food will continue to be in Rotterdam, the jobs in the country should also be saved.The current solution is Unilever still requires the approval of the shareholders. “The primary question is whether the shareholders of NV, the same objections to the plan, which were the shareholders of PLC in 2018, although the saving of stocks in the Dutch AEX can mitigate them,”— said Jefferies analyst Martin deboo. The fact is that in 2018, one of the objections of shareholders was that the company will be dropped from the FTSE 100 as its shares no longer traded on the London stock exchange. Now, however, no change in trade shares is not planned, so Unilever will remain in the FTSE 100 and Dutch AEX index.Yana Christmas
