UK High Court approves Unilever unification plans

2nd Nov 2020 13:36

(Sharecast News) - Consumer goods giant Unilever said on Monday that that UK High Court has approved its cross-border merger, meaning it can now go ahead and unify its legal structure in the UK.
The cross-border merger and unification are expected to be become effective on 29 November.

Unilever announced in June that it was planning to unify its legal structure as a UK Plc to become a simpler company in a move that reverses a failed attempt to consolidate in the Netherlands two years ago.

Following board meetings last week, the company decided to press ahead with the proposals and requested that the UK High Court approve the cross-border merger.