The Competition Commission of Singapore (“CCS”) has cleared the proposed acquisition by Jacobs Douwe Egberts Holdings Asia NL B.V. (“JDE Asia”) of the entire issued and outstanding share capital of OldTown Berhad (“OT”) (“Proposed Transaction”). The Proposed Transaction will result in Jacobs Douwe Egberts B.V. (“JDE”) acquiring sole control over OT, as JDE Asia is its wholly-owned subsidiary. CCS concluded that the Proposed Transaction, if carried into effect, will not lead to a substantial lessening of competition in the supply of instant coffee mixes and instant milk tea mixes for in-home sales in Singapore.

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