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UNAT - Unilever NV News Story

€53.56 0.5  0.9%

Last Trade - 28/06/19

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £47.06bn
Position in Universe th / 851

BUZZ-Unilever: Up on proposal to merge legal structures

Thu 11th June, 2020 9:16am
** Consumer goods giant Unilever's  ULVR.L  London-listed
shares up 1.3% at 4,435 pence after co proposes combining Dutch
and British legal entities in a single holding company based in
Britain
    ** Stock second-biggest gainer on bluechip index  .FTSE 
    ** Co says merger will not impact listing of Unilever NV
 UNc.AS  on Amsterdam Stock Exchange or of Unilever Plc on LSE
 urn:newsml:reuters.com:*:nL4N2DO1DD
    ** "This is certainly a much less contentious proposal than
the previous one which proposed moving the headquarters to
Rotterdam, and delisting its London shares," CMC Markets analyst
Michael Hewson says
    ** Proposal would give co more flexibility for mergers and
acquisitions and reduce complexity - Unilever
    ** Co says unification to be achieved through cross-border
merger, with shareholders of Unilever NV getting one share of
Unilever Plc for each share held
    ** "We welcome the proposal and decision to list on the more
liquid, and arguably more takeover-friendly, exchange,"
Jefferies analysts say

 (Reporting by Tanishaa Nadkar in Bengaluru)
 ((tanishaa.nadkar@thomsonreuters.com))
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