Plans for a summer IPO for Dutch coffee company Douwe Egberts are being delayed, the Financieele Dagblad said on Wednesday, quoting anonymous sources.

The 25% drop in the AEX blue chip index over the past month and coronavirus outbreak are behind the decision, the paper said. In particular, travel restrictions would stop bankers meeting potential investors.

The IPO would have been the biggest in the Netherlands this year. Owner JAB Holdings, which bought Douwe Egberts in 2013 in a €7.5bn deal, wants to sell a minority stake in the company to raise an estimated €3bn.

Douwe Egberts was first floated in 2012 by then owner Sara Lee but taken off the market by JAB a year later.