SINGAPORE (March 28): Jacobs Douwe Egberts (JDE), a global player in the tea and coffee business, now owns a controlling 78.29% stake in 3-in-1 coffee manufacturer Super Group through its indirectly wholly-owned subsidiary, Sapphire Investments.

In filing to the SGX on Monday evening, Sapphire Investments’ financial advisor J.P. Morgan issued the update on the level of acceptances with regards to Sapphire’s $1.30 per share takeover offer which was announced late last year.

(See also: Super Group gets $1.30 per share takeover offer from Jacobs Douwe Egberts)

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