RLAM's response to Unilever's turnaround
5 October 2018
Commenting on Unilever’s announcement this morning to drop plans to move its headquarters to Rotterdam, Mike Fox, Head of Sustainable Investments at Royal London Asset Management, said:
“We welcome the decision the Board of Unilever has taken. They have listened to shareholder concerns and responded in a constructive way. As a high quality company with a talented management team, we are pleased we and other UK investors can now share in the future growth of the company. We look forward to continued engagement with Unilever on the next steps.”
RLAM holds 8.56m shares in Unilever, 0.72% of the company worth approximately £360m
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About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £117 billion of assets and employs 89 investment professionals. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued September 2018 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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