[[{“value”:”Image: piter2121/stock.adobe.com
Investment holding company JAB has entered an agreement to acquire global snack food company Mondelez’s 86 million shares in JDE Peet’s for US$27.15 (€25.10) per share.
Additionally, JAB has distributed shares of JDE Peet’s to more than 70 limited partners of JAB Consumer Partners (JCP), significantly increasing the free float of JDE Peet’s. This is the final distribution of JDE Peet’s shares to JCP investors.
In aggregate, JAB distributed 43 million shares, representing 9 per cent of the total issued and outstanding share capital of JDE Peet’s, increasing the free float to 32 per cent. Following these transactions, JAB’s stake in JDE Peet’s will have increased to 68 per cent.
“These transactions represent a major milestone for JDE Peet’s, which is now a more widely held blue chip company,” says Joachim Creus, JAB Managing Partner, Vice Chairman, and CEO.
“JAB has strong conviction in the resilience of the global coffee sector and the long-term value creation prospects of JDE Peet’s. We are fully committed to remaining an anchor shareholder of the world’s leading pure-play coffee and tea company.”
The post JAB acquires Mondelez’s stake in JDE Peet’s appeared first on Global Coffee Report.
“}]]
