JAB buys Mondelez’s stake in JDE Peet’s

Investing.com -- JAB Holding Company has agreed to buy Mondelez (NASDAQ:MDLZ) International’s 86 million shares in JDE Peet’s for €25.10 per share, a deal worth about €2.16 billion. 

This purchase will boost JAB’s control over JDE Peet’s, one of the largest coffee companies in the world. 

Along with this deal, JAB distributed 43 million JDE Peet’s shares to more than 70 investors in its JAB Consumer Partners fund. 

This represents about 9% of the total shares in the company and raises the amount of JDE Peet’s stock that is available for public trading to 32%. The aim is to make it easier for investors to buy and sell the company’s shares.

After these transactions, JAB’s ownership of JDE Peet’s will increase to 68%, giving it even more control over the company. 

JDE Peet’s, which owns brands like Peet’s Coffee, Jacobs, and Douwe Egberts, is listed on the Euronext Amsterdam stock exchange.