Tuesday 29 November 2022

Sara Lee’s coffee arm to be listed in Amsterdam, DE is back

The coffee and tea arm of US food group Sara Lee is to be listed in Amsterdam, probably under the old Dutch name Douwe Egberts, the Financieele Dagblad reports on Thursday.

The paper bases its claims on a number of sources and says the IPO will officially be announced on Thursday or Friday. The date is likely to be May or June.
If the IPO does go ahead, it will be the second since Delta Lloyd in 2009. On Wednesday, it emerged cable group Ziggo will also be listed in Amsterdam.
Sara Lee bought the Dutch coffee firm Douwe Egberts in 1984. A return to the Dutch name was not the company’s first choice, the FD says.
In December, Sara Lee reached a deal to take over the Netherlands’ biggest coffee house chain CoffeeCompany which has a network of 60 cafes throughout the Netherlands. The FD says Rabobank values Sara Lee’s tea and coffee arm at €4bn.
Sara Lee said in January 2011 that it would separate into two public companies focusing on North American meats and international coffee and tea.

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