July 14, 2011 / 8:01 AM / in 7 years

Sara Lee's Dutch coffee brand Douwe Egberts to list

AMSTERDAM, July 14 (Reuters) - Dutch coffee retailer and grinder Douwe Egberts, which is majority owned by Sara Lee Corp SLE.N, said on Thursday it plans an initial public offering in the first half of 2012.

Dutch daily newspaper De Telegraaf reported on Thursday that Sara Lee also plans to list its tea brand, Pickwick.

“We still don’t know where the listing will take place, and if it is going to be in Europe or in America,” said Anton Van Dijk, Douwe Egberts spokesman in the Netherlands.

“I can only say that the listing will take place in the first half of 2012.”

Shares in the company were off nearly 4 percent at $38.47 in midday trade after falling as much as 5 percent earlier. (Reporting by Eddie Chan; editing by John Wallace)

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