Hans van den Bosch Head of treasury operations at Unilever in the Netherlands
Hans van den Bosch Head of treasury operations at Unilever in the Netherlands

e-Forex talks with Hans van den Bosch, Head of treasury operations at Unilever in the Netherlands

e-Forex talks with Hans van den Bosch, Head of treasury operations at Unilever in the Netherlands

First Published: e-Forex Magazine 16 / Case Study / October, 2004

A need to evaluate the Forex processThe years 1999 and 2000 marked important changes for Unilever: in 1999, Unilever returned $8 bln to its shareholders in the form of a special dividend and in 2000 the company acquired Ben & Jerry’s, Slimfast and Bestfoods for a total amount of app. €25 bln. These strategic events have had a significant impact on the activities of and processes within Treasury department. With Treasury, before these events, concentrating on optimising the return on investments, it thereafter had to deal with completely different issues: Unilever’s rating dropped from AAA to A1, we were living with a debt portfolio of €30 bln and we had to integrate the Treasury activities of the newly acquired businesses. These events required us to critically evaluate the activities and processes, amongst which the forex process.In-house bankTreasury provided (and still provides) an in-house bank service vis-à-vis the Unilever Operating Companies, where the entities can hedge...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here