Unilever (ULVR) has bowed to pressure from institutional investors and scrapped its plans to do away with its dual-headed legal structure in favour of a Netherlands headquarters. The consumer goods giant will continue to be listed in London and in Rotterdam, with headquarters in both. The company stated that it has received “widespread support” for its plans to simplify its legal structure, but that the proposal had not received support from a “significant group of shareholders”.
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