Bloomberg
Forget Shell. Amsterdam Stock Market’s Having a Knock-Out Year
2nd Dec 2021
(Bloomberg) — At a time when Royal Dutch Shell Plc is moving its headquarters out of the Netherlands, Amsterdam might fear losing some of the momentum that’s made it continental Europe’s pre-eminent stock trading centre.
Shell said on Nov. 15 that as part of a plan to simplify the oil giant’s structure, it will relocate its tax residence to the U.K. and move top executives from The Hague to London. The announcement came a year after Unilever Plc, the Anglo-Dutch owner of household products such as Omo and Lifebuoy soap, also opted to become a solely British company.
For many markets, the departure of two such heavyweights would have come as a blow, at least symbolically.
Copyright © BloombergQuint
FULL ARTICLE
