NTUC Enterprise to acquire Kopitiam by year-end

SINGAPORE (Sept 23): NTUC Enterprise has announced that it will be acquiring local food court operator Kopitiam Investment along with its subsidiaries by end-2018.

Under the agreement, NTUC will also be acquiring all 80 of Kopitiam’s outlets in Singapore, including the Lau Pa Sat Festival Market, which Kopitiam acquired in 1995.

However, the consideration for the acquisition deal was not revealed. Market observers have said that this acquisition could be worth “a significant amount”, as the largest coffee shop operator in Singapore, Kimly, has a market value of more than $300 million.

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