Report
Pierre Tegner

Unilever Nv : The board proposes a simplification of the dual structure in favour of PLC shares. At last! Short term risk of flow back on NV shares

>Simplification: At last! - Buy rating maintained. Unilever’s degree of operational diversification is a factor of resilience (geographic diversification, broader portfolio of brands, products, distribution channels and price in the mass consumer segment). However, the lack of strategic focus partly explains the stock’s discount vs groups of a similar size such as Nestlé and P&G which have a greater strategic focus (in food and HPC). Announcing this morning that...
Underlying
Unilever NV

Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre Tegner

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