FX.co ★ JAB To Buy 86 Mln Shares Of Mondelez In JDE Peet's For EUR 25.10/shr

JAB Holding Company, a private investment firm, announced on Monday its agreement to acquire Mondelez International, Inc.'s 86 million shares in JDE Peet's N.V., a beverage company, at a rate of €25.10 per share.

Joachim Creus, CEO of JAB, expressed confidence in the global coffee sector's resilience and the long-term potential for value creation at JDE Peet's. He stated, "We are fully committed to maintaining our role as a key shareholder in the world's leading pure-play coffee and tea company."

Additionally, JAB has distributed shares of JDE Peet's among over 70 limited partners of JAB Consumer Partners (JCP), thereby significantly enhancing the free float of JDE Peet's. This represents the final distribution of JDE Peet's shares to JCP investors.

Overall, JAB has distributed 43 million shares, constituting 9% of JDE Peet's, which raises the free float to 32%. Following the acquisition, JAB's stake in JDE Peet's will increase to 68%.