Unilever: shares to leave FTSE 100 index after unification
(CercleFinance.com) - Unilever will be booted out from the FTSE 100 index of British blue-chip stocks, as a result of the company's new structure being based in the Netherlands and listed on Euronext Amsterdam, FTSE Russell said on Tuesday.
The Anglo-Dutch consumer goods giant yesterday detailed its plans to simplify its structure from two separate legal entities (NV and PLC) into a single holding company.
The Unilever PLC and NV shares will last be traded on Friday 21 December.
Unilever PLC will be deleted from all FTSE Russell indices from the opening of trading on Monday 24 December.
UBS analysts believe that the unification will strengthen Unilever's corporate governance, "addressing a key concern by some market participants."
The broker also expects the weight of the "new Unilever" to increase in the Euro Stoxx 50 index, becoming the third largest company by size.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Anglo-Dutch consumer goods giant yesterday detailed its plans to simplify its structure from two separate legal entities (NV and PLC) into a single holding company.
The Unilever PLC and NV shares will last be traded on Friday 21 December.
Unilever PLC will be deleted from all FTSE Russell indices from the opening of trading on Monday 24 December.
UBS analysts believe that the unification will strengthen Unilever's corporate governance, "addressing a key concern by some market participants."
The broker also expects the weight of the "new Unilever" to increase in the Euro Stoxx 50 index, becoming the third largest company by size.
Copyright (c) 2018 CercleFinance.com. All rights reserved.