(Bloomberg) -- Unilever said it’s “extremely unlikely” to be included in the U.K.’s benchmark FTSE stock indexes after the company consolidates its headquarters in the Netherlands.
The Anglo-Dutch consumer goods giant said in March that it would streamline its headquarters in Rotterdam, leaving London. The owner of Lipton tea and Ben & Jerry’s ice cream had said the decision could result in its having to adopt a single index nationality. That could make Unilever, the third-largest component of the FTSE 100 index, less likely to be included in U.K. managers’ portfolios, analysts have said.
The company commented Thursday in a presentation published on its website ahead of a conference at Deutsche Bank. Unilever shares rose as much as 0.7 percent in Amsterdam.
Unilever has previously said its NV shares, traded in Amsterdam, are more liquid than the Plc shares traded in London, and that it would be ideal for the company to retain membership in both the FTSE 100 and Dutch AEX, but that the ultimate decision lay with the managers of those indexes.
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