Business

Unilever plans switch to UK holding company to cut complexity

(Reuters) – Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands. The proposed unification, which would unwind a dual-headed structure in place since 1930, aims to give the maker of Dove […]

Business

GSK sells $3.35 billion stake in Hindustan Unilever

HONG KONG/SINGAPORE (Reuters) – GlaxoSmithKline (GSK.L) said on Thursday it sold its stake in Unilever’s (ULVR.L) Indian business (HLL.NS) for $3.35 billion, which Refinitiv says is the largest block trade ever to have been carried out in India. The funds will help GSK in its goal of reinvigorating its drug development pipeline, having made costly […]