Sara Lee's Dutch coffee-tea unit trades at 8 euros/shr
AMSTERDAM, June 12 |
AMSTERDAM, June 12 (Reuters) - U.S. consumer goods maker Sara Lee listed its coffee and tea unit, D.E Master Blenders, on the Amsterdam exchange on Tuesday, giving it a market value of about 4.7 billion euros ($5.88 billion).
Each Sara Lee shareholder is entitled to receive one D.E Master Blenders share.
Trading started on the grey market at a price of 8 euros per share. Based on 593.44 million Sara Lee shares outstanding, excluding treasury shares, the Dutch unit has market capitalisation of about 4.7 billion euros.
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