Unilever Headquarters Combination Cleared by U.K. Shareholders
- Decision moves Dove soap owner closer to unification
- Dutch Green Party’s exit-tax proposal remains a hurdle
Unilever headquarters stands behind the River Thames and Blackfriars Bridge in London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Shareholders in the U.K. arm of Unilever voted overwhelmingly in favor of unifying the company’s headquarters in the U.K., moving the Dove soap maker’s plan to end dual nationality a step closer to completion.
More than 99% of investors in the British entity voted in favor of the move at a shareholder meeting Monday, matching an earlier approval rate by Dutch investors. The decision advances a plan to streamline a cumbersome structure that has complicated major takeovers and disposals.