Business Douwe Egberts will return to the fair in a...

Douwe Egberts will return to the fair in a few weeks NOW

JDE Peet, the parent company of Douwe Egberts, goes public. The planned stock exchange listing should be completed in a few weeks, the group announced on Tuesday. This means that the Dutch coffee brand will return to the stock exchange.

Douwe Egberts was briefly listed on the stock exchange in 2012, but was withdrawn from the stock exchange in 2013. At the time, the company was still owned by the American Sara Lee.

With the new IPO of the parent company, between 1.5 and 2 billion euros must be raised, of which 700 million through a share issue. The IPO should enable JDE Peet to reduce debt to improve its own financial position.

“The company is in good shape and we look forward to welcoming new shareholders who want to grow with us,” said CEO Casey Keller.

In December last year, after the merger of Jacobs Douwe Egberts and the American Peet’s Coffee, there was also an IPO. This was postponed in March due to sharp price falls in Amsterdam. In addition to Douwe Egberts, brands such as Senseo, Pickwick and L’OR are also part of JDE Peet.

JDE Peet, with a turnover of 6.9 billion euros in 2019, is owned by investment company JAB.

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