UN Unilever NV

By Sabela Ojea

Unilever PLC said Monday that it has received the backing of its shareholders to unify its British and Dutch corporate structures into a single company, and that it now has all relevant merger control, foreign investment and regulatory approvals for its implementation.

The consumer-goods giant--the maker of Hellmann's mayonnaise and Dove soap--said 95.99% of the company's shareholders voted in favor of the cross-border merger at the court meeting.

Shareholders also backed the unification at the company's general meeting, with 95.49% voting in favor of the resolution, Unilever said.

The company said the unification is expected to become effective on Nov. 29.

Shares in London at 1543 GMT were up 4.00 pence, or 0.1%, at 4851.00 pence.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

October 12, 2020 12:08 ET (16:08 GMT)

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