DE debuts in Amsterdam

11 Jun 2012

D.E Master Blenders 1753 began grey market trading in Amsterdam on Tuesday ahead of its spin-off by US food conglomerate Sara Lee.

The shares closed on the first day of trading at €8.35 each, giving the firm a market capitalisation of €4.95bn. Volume was slight, at 1.1m shares compared to the 593m share capital.

Conditional trading doesn’t finish until June 9.

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