Global Industry: JAB Buys Mondelez-Stake in JDE Peet’s

Bremerhaven. (bm) JAB Holding Company announced that it agreed to acquire Mondelez’s 86 million shares in JDE Peet’s N.V. for EUR 25.10 per share (= 2’158.6 million EUR). 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 percent of the total issued and outstanding share capital of JDE Peet’s, increasing the free float to 32 percent. Following the aforementioned transactions, JAB’s stake in JDE Peet’s will have increased to 68 percent. Other topics of the week: