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.

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Business , Oldtown , JDE , coffee

   

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