Sapphire Investments S$1.45 billion bid for Super Group

Overview:

• Sapphire Investments, a subsidiary of Jacobs Douwe Egberts (JDE), a Dutch coffee and tea company, has made a S$1.45 billion bid for Super Group.
• Super Group is a Malaysian coffee manufacturer which produces and distributes instant food and beverage products primarily in Singapore, Southeast and East Asia.
• JDE aims to delist and privatise Super Group if the takeover succeeds.
• Shareholders including Teo Kee Bock, popiah king Goi Seng Hui and Tee Yih Jia Food Manufacturing have accepted JDE's offer, which amounts to 60% of the shares of Super Group.

Wai Yee Tsang - Journalist