Business World

Unilever becomes a British company on paper

Food group Unilever will establish its headquarters in London. The company now has two head offices, in Rotterdam and London. The Rotterdam office is not closing.

Unilever is still a company under both British and Dutch law, but on paper, it will become British. In a statement, Unilever says it will create a simpler company that is better equipped for future success.

According to Unilever, nothing will change in the company’s presence in the Netherlands, and no jobs will be lost. The company will also continue to be listed on the Amsterdam stock exchange.

Relocation to Rotterdam called off

The food group in October 2018 decided the planned relocation of its headquarters to Rotterdam to blow off under pressure, particularly British shareholders.

At the time, CEO Polman said that this was partly due to opposition to the abolition of dividend tax in the Netherlands. There was insufficient social and political support for the abolition of that tax. The cabinet ultimately decided not to abolish the tax.

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