Unilever’s plans to move its headquarters to the Netherlands have been dealt a blow after one its biggest shareholders said there is “only downside” from the decision.
Aviva Investors will vote against Unilever’s relocation, amid growing shareholder unrest about the snubbing Britain.
The Marmite and Persil owner said in March that it would scrap its dual-headquarter structure. It currently has its principal bases in London and Rotterdam, but wants to consolidate in the Dutch city in a bid to simplify its corporate structure.
