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[$$] Unilever says shares ‘extremely’ unlikely to stay in FTSE 100

Scheherazade Daneshkhu, Bryce Elder and Naomi Rovnick

, the consumer goods group, said it was “extremely” unlikely to stay in the UK’s FTSE 100 index once it consolidated its headquarters in the Netherlands, in a blow to some London-benchmarked index funds. about the likely exclusion from the FTSE 100, a popular benchmark index used by funds, once the group dismantles its dual listing structure and makes Rotterdam its single headquarters. “We understand and appreciate that a departure from the FTSE index has negative implications for some investors that are benchmarked to it, however simplification is the right thing for the company and our shareholders as a whole,” said Graeme Pitkethly, finance director, at a conference hosted by Deutsche Bank.