Unilever – purchaser

NN Investment Partners B.V.; ASR Nederland N.V.; Unilever N.V.
Unilever has agreed terms with NN Investment Partners B.V. and ASR Nederland N.V. for the acquisition of all their 6% and 7% cumulative preference shares in Unilever N.V. These represent approximately 97% of all the outstanding preference shares and will be acquired by means of a public offer which Unilever intends to launch so as to enable all holders of preference shares to access the same terms as have been agreed with NN and ASR. This offer would value all preference shares at EUR 450 million.
This represents an important step in simplifying the capital structure, which Unilever has been pursuing for many years. It will make Unilever easier to understand, and improve corporate governance by strengthening the link between economic interest and voting rights for Unilever's shareholders.
Value of transaction
Approximately EUR 450 million
De Brauw involvement
Co-counsel
Other advisors
Linklaters LLP acting as legal co-counsel, MorganStanley as financial advisor to Unilever
De Brauw lead partner
Lodewijk Hijmans van den Bergh, Michael Schouten
De Brauw team
Elmer Veenman, Hanneke van Manen, Geoffrey van der Hauw, Paul Sleurink, Henk van Ravenhorst, Klaas Versteeg