JAB to acquire an additional stake in JDE Peet’s from Mondelez for €2.2bn.

JAB, an investment holding company , agreed to acquire an additional stake in JDE Peet’s, an American-Dutch company that owns beverage brands, mostly of coffee, tea and hot chocolate, from Mondelez, an American multinational confectionery, food, holding, beverage and snack food company, for €2.2bn. "These transactions represent a major milestone for JDE Peet’s, which is now a more widely held blue chip company. 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," Joachim Creus, JAB Managing Partner, Vice Chairman and CEO.