A formal announcement is due on Thursday, the report said. goo.gl/FM16KN
Unilever was not immediately available for comment.
After rebuffing a $143 billion takeover offer from Kraft Heinz (KHC.O), Unilever said last year it would review its dual structure, under which it is based and listed in both Britain and the Netherlands.
Reporting by Rahul B in Bengaluru and Martinne Geller in LONDON; Editing by Arun Koyyur