Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Unilever Climbdown Illustrates 'Power' Of Institutional Investors: Analyst

By Steve Wynne-Jones
Share this article
Unilever Climbdown Illustrates 'Power' Of Institutional Investors: Analyst

Unilever's decision to scrap its plans to move its headquarters from London is "an example of the power institutional investors can wield when they act in concert with one another", a leading analyst has said.

AJ Bell investment director Russ Mould made the assessment following the decision by the group to maintain its UK base, amidst speculation that as many as 12% of shareholders were opposed to the planned move to Rotterdam.

In a statement on its website this morning, Unilever said that it recognised 'that the proposal has not received support from a significant group of shareholders and therefore consider it appropriate to withdraw.

PLEASE SUBSCRIBE OR SIGN IN TO CONTINUE READING
ESM

30 Day Free Trial

Try European Supermarket Magazine Premium

Enjoy full access to European Supermarket Magazine, our weekly
email news digest, access to all website and app content, and the latest digital
magazine for a full 30 days.

  • - Payment details required during trial sign up.
  • - You may cancel at any time up to the end of the 30-day trial period.
  • - If you continue after the trial perion, then the annual rate of €109+VAT will be debited.
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.