Unilever Boards To Press On With Unification Plan

LONDON: Unilever’s boards have decided to proceed with the consumer goods giant’s plans to unify its Anglo-Dutch corporate structure into a single entity based in London.

The maker of Hellmann’s mayonnaise and Ben & Jerry’s ice cream last week said that the boards intended to proceed with their proposals “provided that unification, in the boards’ view, remains in the best interests of Unilever, its shareholders and other stakeholders as a whole” and that it would update shareholders as appropriate.