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Unilever Scraps Plan to Move London HQ, Simplify Corporate Structure

Martin Baccardax

said Friday that it will scrap plans to simplify its corporate structure, a move that included re-locating its quarter headquarters from London to the Netherlands, amid widespread shareholder criticism. Unilever said that after an "extensive period of engagement with shareholders", the board had found that there was insufficient support for the restructuring, which would have seen both the move from London and the likely removal from the London Stock Exchange and the FTSE 100.