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Owner JAB wants to float Jacobs Douwe Egberts to the stock exchange this spring, and has asked two banks to guide the process.
Before the summer
JAB has asked BNP Paribas Fortis and JPMorgan Chase, says Bloomberg, and hopes to get the IPO done before the summer. Last December, Jacobs Douwe Egberts merged with its American competitor Peet’s Coffee, itself also a JAB subsidiary. At that time, the owner expressed its intention to float the merger company rather sooner than later.
JAB is said to hope for the flotation to raise three billion euros, which would make it Europe’s largest flotation since German brakes producer Knorr-Bremse’s IPO in October 2018 raised 3.9 billion euros.
Douwe Egberts is not a complete novice at the stock exchange: it had already been put up there in 2012 by then owner Sara Lee, but just a year later JAB already took Douwe Egberts off market.
