Jacobs Douwe Egberts now holds 78.3% of Super

SUPER Group on Tuesday said Jacobs Douwe Egberts (JDE) has control of 78.3 per cent of the company as at March 27, 2017.

The offer by Jacobs Douwe Egberts has turned unconditional in all respects, and the closing date for the offer for the consumer group has been extended to April 25. This means the takeover attempt will be proceeding as planned given that it has been accepted by more than half of existing shareholders.

Dutch tea and coffee group JDE launched a S$1.45 billion privatisation offer for instant food and beverage maker Super at S$1.30 per share. It plans to delist Super if it is successful in its offer.