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Unilever NV (UNIA.AS)

UNIA.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NN Group sells preference shares Unilever‍​
Wednesday, 9 Aug 2017 02:12am EDT 

Aug 9 (Reuters) - NN GROUP NV ::SIGNED AN IRREVOCABLE AGREEMENT WITH UNILEVER PLC TO ACCEPT A PUBLIC OFFER FOR THE OUTSTANDING 6% AND 7% CUMULATIVE PREFERENCE SHARES IN UNILEVER N.V..NN GROUP SELLS PREFERENCE SHARES UNILEVER‍​.UNILEVER INTENDS TO LAUNCH, AND TO TENDER ALL PREFERENCE SHARES HELD BY NN GROUP.PREFERENCE SHARES HELD BY NN GROUP REPRESENT A TOTAL VALUE OF APPROXIMATELY EUR 295 MILLION AND 11.4% OF THE VOTING RIGHTS IN UNILEVER ‍​.IFRS CAPITAL GAIN OF APPROXIMATELY EUR 250 MILLION IS EXPECTED TO BE REPORTED AFTER SETTLEMENT OF THE TRANSACTION, WHICH IS ANTICIPATED IN Q4 OF 2017.ORDINARY SHARES IN UNILEVER N.V. HELD BY NN GROUP ARE UNAFFECTED BY THIS TRANSACTION‍​.  Full Article

Unilever Plc to buy back preference shares
Wednesday, 9 Aug 2017 02:00am EDT 

Aug 9 (Reuters) - UNILEVER PLC :UNILEVER TO BUY BACK PREFERENCE SHARES.SAYS OFFER WOULD VALUE ALL OF OUTSTANDING 6 PCT AND 7 PCT CUMULATIVE PREFERENCE SHARES AT EUR 450 MILLION​.‍AGREED TERMS WITH NN INVESTMENT PARTNERS, ASR NEDERLAND N.V. FOR ACQUISITION OF ALL THEIR CUMULATIVE PREFERENCE SHARES IN UNILEVER N.V.​.SAYS ACQUIRED SHARES ‍REPRESENT APPROXIMATELY 97 PCT OF ALL OUTSTANDING 6 PCT AND 7 PCT CUMULATIVE PREFERENCE SHARES​.SAYS SHARES ‍WILL BE ACQUIRED BY MEANS OF A PUBLIC OFFER WHICH UNILEVER INTENDS TO LAUNCH​.SAYS ‍OFFER PRICE IS CUM DIVIDEND EXCEPT FOR ACCRUED DIVIDEND THAT UNILEVER N.V. WILL PAY IN SEPTEMBER 2017​.SAYS ‍NN AND ASR HAVE EACH IRREVOCABLY COMMITTED TO ACCEPT OFFER AND TENDER PREFERENCE SHARES HELD BY THEM UNDER OFFER​.SAYS ‍UPON COMPLETION, INTENDS TO COMMENCE STATUTORY PROCEEDINGS TO ACQUIRE ANY REMAINING OUTSTANDING PREFERENCE SHARES​.SAYS ‍UPON COMPLETION INTENDS TO TERMINATE LISTINGS OF PREFERENCE SHARES ON EURONEXT AMSTERDAM​.SAYS ‍AGGREGATE CONSIDERATION UNDER OFFER WILL BE FINANCED BY UTILISING AVAILABLE CASH AND/OR EXISTING FACILITIES​.SAYS ‍OFFER IS EXPECTED TO BE LAUNCHED IN Q3 2017​.SAYS ‍SETTLEMENT OF OFFER IS EXPECTED IN Q4 2017​.  Full Article

Clayton Dubilier & Rice and Bain Capital have begun working together on an offer for Unilever's spreads business - Sky News
Tuesday, 25 Jul 2017 08:04am EDT 

July 25 (Reuters) - :Clayton Dubilier & Rice and Bain Capital have begun working together on an offer for Unilever's spreads business - Sky News.Clayton Dubilier & Rice, Bain Capital to assemble knockout takeover bid for 6 billion stg Unilever division which houses Flora margarine brand - Sky News.  Full Article

Interview-Unilever cfo says more likely that developed market spreads business has more interest from private equity
Thursday, 20 Jul 2017 02:26am EDT 

Unilever Plc :Interview-Unilever cfo says margin growth in h2 to be below h1, due to investments in innovation.Interview-Unilever cfo says on track to give announcement on dual-headed structure by year-end.Interview-Unilever cfo says expects to see sales volumes start to pick up in the second half.Interview-Unilever cfo says expects to get information memorandum on spreads business out by end of autumn.Interview-Unilever cfo says will only sell spreads business in one block if it's a superior value solution than selling pieces separately.Interview-Unilever cfo says more likely that developed market spreads business has more interest from private equity.  Full Article

Unilever says to buy luxury cosmetics brand Hourglass
Monday, 19 Jun 2017 10:43am EDT 

June 19 (Reuters) - Unilever Plc ::To acquire Hourglass.Terms of the deal to buy luxury colour cosmetics brand Hourglass were not disclosed.  Full Article

Unilever to buy U.S.-based condiment maker Sir Kensington's
Thursday, 20 Apr 2017 10:00am EDT 

April 20 (Reuters) - Unilever Plc ::Unilever to acquire Sir Kensington's.Signed an agreement to acquire Sir Kensington's, a New York-based condiment maker.Co-founders Mark Ramadan and Scott Norton will continue in their roles at Sir Kensington's.Terms of deal were not disclosed.Deal is expected to close in next few weeks.  Full Article

Unilever CFO comments on outlook, spreads unit sale
Thursday, 20 Apr 2017 02:33am EDT 

April 20 (Reuters) - Unilever Plc :Interview-Unilever cfo says q1 results helped by business units sticking to "business as usual" during review.Interview-Unilever cfo says seeing positive signs in the economy overall.Interview-Unilever cfo says thinks seeing a "bottoming out" of currency devaluations in key emerging markets.Interview-Unilever cfo says always lag between economic fundamentals and consumer demand, but encouraged.Interview-Unilever cfo says performance in second half of 2017 should be better than first half.Interview-Unilever cfo declines to comment on interest in reckitt benckiser's food business.Unilever cfo says it's a relief to be able to "engage wholeheartedly" with private equity community on spreads.Unilever cfo says hasn't started inviting interest, but hopes to have a mix of financial, strategic bidders.  Full Article

Interview-Unilever CFO comments on strategy
Thursday, 6 Apr 2017 02:29am EDT 

Unilever Plc : Interview-Unilever cfo says have spoken to top 50 shareholders ahead of our review . Interview-Unilever cfo says we are looking to produce more value in the short term . Interview-Unilever cfo says shareholders do not want our long term model to change . Interview-Unilever cfo says shareholders did not want spin off of food business . Interview-Unilever cfo says planned step up in margin will come from the food business . Interview-Unilever cfo says we get significant synergies from keeping the food business within the group . Interview-Unilever cfo says will return excess cash periodically in order to return to 2x leverage level . Interview-Unilever cfo says over time we will get to 2x leverage depending on m&a activity . Interview-Unilever cfo says expect to see heightened m&a activity . Interview-Unilever cfo says no change in our strategy for very large m&a deals . Interview-Unilever cfo says starting a process to sell the spreads business, seeing lots of interest .Interview-Unilever cfo says brexit will not have an impact on which listing we choose.  Full Article

Unilever to sell spreads business, launch buy-back
Thursday, 6 Apr 2017 02:08am EDT 

Unilever Plc : Combining foods and refreshment into one organisation, unlocking future growth and faster margin progression . Reconfirming our commitment to a proven long-term model of compounding growth and sustainable value creation . Establishing a net debt / ebitda target of 2x and launching a share buy-back of eur 5 billion this year . Accelerating connected 4 growth and targeting a 20% underlying operating margin, before restructuring, by 2020 . Raising dividend by 12%, reflecting increased confidence in outlook for profit growth and cash generation . Support our business with a higher level of leverage, while retaining benefits of a strong credit rating . This will enable us to enhance value for shareholders through increased capital returns, while maintaining operational and strategic flexibility . For 2017, we remain on track to deliver underlying sales growth ahead of our markets, in 3-5% range, and we expect an underlying operating margin improvement of at least 80bps . Target an overall underlying operating margin, which excludes restructuring, of 20% by 2020 . Future of spreads business now lies outside group . Will look to increase our strategic flexibility for further portfolio optimisation through a review of dual-headed legal structure, with a view to simplifying it.  Full Article

S.Africa's Competition Tribunal says co respondent in Unilever case reaches settlement
Friday, 3 Mar 2017 08:40am EST 

South Africa's Competition Tribunal: Sime Darby Hudson Knight, has reached a settlement with competition commission. Settlement will still have to be confirmed by Competition Tribunal Further company coverage: [ULVR.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Dutch PM defends tax cut seen benefiting Shell, Unilever, UK investors

AMSTERDAM Dutch Prime Minister Mark Rutte on Wednesday returned to parliament for the second time in a week to defend a tax cut that benefits Anglo-Dutch multinationals and British equity investors in general.