JAB Acquires Mondelēz's Stake in JDE Peet's for €2.16 Billion

Oct 21, 2024

European investment giant JAB has announced an agreement to purchase Mondelēz International's shares in coffee retailer JDE Peet's NV for €2.16 billion (approximately $2.3 billion). JAB, an investment company owned by Germany's secretive Reimann family, focuses on long-term investments in consumer goods companies with strong brands and high growth potential.

The deal involves JAB acquiring 86 million shares of JDE Peet's at a price of €25.10 per share. This strategic move further solidifies JAB's commitment to strengthening its portfolio in the consumer goods sector.

In addition to this acquisition, JDE Peet’s has appointed Rafael Oliveira as its new CEO, aiming to drive the company's future growth and success.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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