October 5, 2018 / 6:07 AM / in 15 days

Unilever withdraws proposal to move to Netherlands

LONDON, Oct 5 (Reuters) - Unilever on Friday said its board had withdrawn its proposal to move to the Netherlands, after a growing tide of opposition by UK shareholders.

Earlier this week, influential proxy advisory firm PIRC recommended shareholders vote against the move, which will see the maker of Dove soap and Ben & Jerry’s ice cream kicked off the benchmark FTSE 100 index.

Reporting by Martinne Geller; Editing by Jan Harvey

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