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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
>> Unilever's corporate HQ on the move from Brexit Britain after a nine decade split between the UK and the Netherlands, the main office to be based on Rotterdam. It's HQ here at its London site to be scrapped but not UK operations. Its 7,300 UK staff are, it says, safe.
00:00:19
>> We have announced that we would move to three divisions. Two of them here are located in the UK, which is the beauty and personal care division, and the home care division, which is about 60% of our business, and fastest growing. That secures about 1 billion pounds a year in spending.
00:00:35
>> As for Brexit->> We continue to stress, and I want to stress that once more that this is nothing to do with Brexit.>> Its rethink began after Kraft hinges $143 billion take over attempt last year, the Unilever fought that over. Dutch law may offer better protection from future bids.
00:00:53
But the UK government has welcomed Unilever's UK commitment. New York and the Netherlands will list its shares. It's unclear whether it can remain in FTSE 100. And a decision otherwise could hit its share price. Going Dutch may lead to a bigger bill for some after all.