Unilever is officially moving EU HQ to Rotterdam!

Unilever, Britain’s third-biggest company, will scrap its London corporate headquarters and make Rotterdam its sole legal home in a blow to Prime Minister Theresa May’s government ahead of Brexit.

Unilever last year announced a review of its dual-headed structure after rebuffing a $143 billion takeover offer from Kraft Heinz.

It said on Thursday it would divide the business into three divisions with 2 headquartered in London and one in Rotterdam. Unilever’s 7,300 staff in the UK will be unaffected and it will continue to be listed in London, Amsterdam and New York.

Source: Reuters.com