Dutch coffee company JDE gets green light to privatise Oldtown


Arabica, Robusta and Liberica, the three coffee beans that form the secret Old Town White Coffee blend.

PETALING JAYA: The Competition Commission of Singapore (CCS) has granted its clearance for Dutch coffee company Jacobs Douwe Egberts’ (JDE) offer to privatise coffee manufacturer and cafe outlets operator Oldtown Bhd, thus fulfilling all pre-conditions needed for a takeover offer to be made.

A notice of the offer will now be made to shareholders of Oldtown.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Oldtown , JDE , coffee

   

Next In Business News

Trading ideas: SD Guthrie, Dayang, Datasonic, Elridge, Genetec, MN, Bina Puri, Bintai Kinden, MCE, BHIC, Carimin, Tuju Setia, Khee San
Wall St slips as uncertainty surrounds U.S. election
Oil jumps nearly 3% after Opec+ delays output hike, US election in focus
Datasonic acquires 51% stake in ICT firm
High real estate credit growth raises concern
Elridge Energy inks 15-year biomass fuel deal
Bumi Armada’s North Sea contract win to lift earnings
US election may impact US$89bil worth of exports
China stimulus questions to persist long after meeting
Stonepeak nears deal for aircraft lessor ATSG

Others Also Read