Amsterdam has surpassed London as Europe’s leading share trading hub in the wake of Brexit.
An average €9.2bn shares a day were traded on Euronext Amsterdam and the Dutch arms of CBOE Europe and Turquoise in January, according to data from CBOE Europe first reported by the Financial Times.
EU-based financial firms are banned from trading in London because the EU has not recognised UK regulations on exchanges as equivalent to its own.
Read more at:
Brexit: Amsterdam surpasses London as Europe’s leading share trading hub | The Independent
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Showing posts with label London. Show all posts
Showing posts with label London. Show all posts
February 15, 2021
November 29, 2020
The Netherlands: Unilever officially no longer Dutch company
For 91 years, the company structure was divided between the Netherlands and Great Britain, with two head offices in London and Rotterdam. The company also had two boards and two types of shares.
To simplify its structure, the company decided in 2018 to opt for one main office. Initially, the choice fell on Rotterdam, possibly partly due to the government's announcement to abolish the dividend tax. However, after opposition from influential shareholders, London became the final choice. In the end, the abolition of the dividend tax in the Netherlands was not passed.
The restructuring means that important strategic decisions will subsequently be made in London. This brings an end to the long Dutch history of the company, but in practice – at least in short term – there won't be much change.
Read more at: Unilever officially no longer Dutch company | NL Times
To simplify its structure, the company decided in 2018 to opt for one main office. Initially, the choice fell on Rotterdam, possibly partly due to the government's announcement to abolish the dividend tax. However, after opposition from influential shareholders, London became the final choice. In the end, the abolition of the dividend tax in the Netherlands was not passed.
The restructuring means that important strategic decisions will subsequently be made in London. This brings an end to the long Dutch history of the company, but in practice – at least in short term – there won't be much change.
Read more at: Unilever officially no longer Dutch company | NL Times
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