Jacobs Douwe Egberts offers to buy Malaysia's OldTown for $361m

Jacobs Douwe Egberts offers to buy Malaysia's OldTown for $361m

Photo: Jacobs Douwe Egberts.

OldTown Berhad, one of Southeast Asia’s leading coffee manufacturers and café operators, is set to sell a majority stake to Jacobs Douwe Egberts (JDE) for about $361 million, as the latter looks to expand its coffee empire.

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