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Unilever signals unlikely to stay in FTSE after Dutch move

Reuters  |  LONDON 

(Reuters) - Consumer group said it is "extremely unlikely" to stay in Britain's blue-chip 100 after ending its dual-headed structure and moving its headquarters to the

Speaking at a conference on Thursday hosted by Deutsche Bank, said that after deep engagement with Russell, the company's shares were unlikely to be listed in the UK

Pitkethly said understood its departure from the will have negative implications for some UK investors, but repeated that simplification of its structure was the best move for the company and shareholders as a whole.

He said he expects they will likely have increased weighting in the instead.

The move is on track to be completed this year, Pitkethly said.

(Reporting by Martinne Geller; Editing by Alexander Smith)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 14 2018. 13:49 IST