Unilever will step down from its British-Dutch structure on the weekend of 21 and 22 November 2020. From that moment on, the company is exclusively British on paper, the group reports Monday.
The reason for the change of course is that it is easier to be exclusively British in acquisitions. Unilever will hold a shareholders' meeting on this in September in the Netherlands and in October in Great Britain.
It was already known that Unilever was planning to become a wholly British company. It has only now become clear when exactly this transition would take place.
The food group still has two head offices, one in London and one in Rotterdam. Both offices will continue to exist, but only the London office will continue to serve as headquarters.
Two years ago, the company decided to become fully Dutch. After criticism from shareholders, that decision has been reversed.