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JDE makes RM1.47b offer for OldTown

Dutch coffee giant is offering RM3.18 per share for Malaysian coffee firm through indirect wholly-owned unit Jacobs Douwe Egberts Holdings Asia

Published Tue, Dec 12, 2017 · 09:50 PM

Singapore

DUTCH tea and coffee giant Jacobs Douwe Egberts (JDE) has put out a RM1.47 billion (S$487.73 million) offer to acquire Malaysian coffee company OldTown.

JDE is offering RM3.18 per share for the operator of OldTown White Coffee chain through its indirect wholly-owned unit Jacobs Douwe Egberts Holdings Asia, the companies said in a statement on Monday.

OldTown White Coffee has 232 outle…

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