Great Britain, Lever Brothers & Unilever Limited, Certificate of 7% cumulative preference stock, 5 Pounds, 9 March 1950
| Grade | Description | Price | |||
|---|---|---|---|---|---|
| VF | Without coupons | € 60.00 |
|
CollectWeb number
B1170GLLOND0003g
Product attributes
Country:
Great Britain
State/Province:
Greater London
City/Town/Place:
London
Company/Issuer:
Lever Brothers & Unilever Limited
Security type:
Certificate of 7% cumulative preference stock
Value:
5 Pounds
Date/Year:
9 March 1950
Company capital:
141,418,750 Pounds
Established:
1937
Printer:
Waterlow & Sons, Limited, London Wall, London, E.C.
Size (LxH mm):
222x330 mm
Description
Unilever was created on 1 January 1930 by the `merger` of Lever Brothers Ltd and the Margarine Union. The merger agreement had been signed on 2 September 1929.Originally negotiations between the two companies started in order to reach an agreement on the use of raw materials. Both companies had expanded their original activities and were starting to encroach onto each other`s `territory`. It was thought that the Margarine Union could dispose of its soap companies and that Lever Brothers would do the same with its margarine interests. Obstacles to this plan became apparent so a merger was agreed upon.The merger meant that two holding companies with identical boards, Unilever Ltd and Unilever NV were created. An equalisation agreement between the two companies was also made. In effect Unilever NV was concerned with the European interests and Unilever Ltd with the UK and `overseas`.In the UK Unilever Ltd (company number 244645) was incorporated on 27 December 1929. The name was changed to Margarine Union (1930) Ltd on 5 March 1930, when the name Unilever Ltd was transferred to company number 225816, formerly used by Margarine Union Ltd. This company was liquidated in 1937 as `Unilever` became Lever Brothers & Unilever Ltd, taking the company number41424, formerly used by Lever Brothers Ltd (which became Lever Brothers, Port Sunlight, Ltd). The name was changed to Unilever Ltd on 1 March 1952 and to Unilever PLC on 1 June 1981.