JAB Secures Mondelez’s Stake in JDE Peet’s, Distributing Shares to Augment Free Float

2 min read | October 21, 2024 04:09 AM PDT | By Team Kalkine Media

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JAB Secures Mondelez’s Stake in JDE Peet’s, Distributing Shares to Augment Free Float — Image source: Shutterstock

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Highlights

JAB is acquiring Mondelez’s entire stake of 86 million shares in JDE Peet’s at a price of €25.10 per share.

JAB has distributed 43 million JDE Peet’s shares to over 70 partners of JAB Consumer Partners, increasing the company’s free float to 32%.

Following these transactions, JAB's stake in JDE Peet's will rise to 68%, reaffirming its commitment as a significant shareholder in the company.

JAB Holdings has made two major announcements regarding its stake in JDE Peet's (EURONEXT: JDEP), a leading global coffee and tea company. The first transaction involves JAB acquiring Mondelez International's (NASDAQ:MDLZ) entire holding of 86 million shares in JDE Peet's. The purchase price for these shares is set at €25.10 each. This acquisition marks a strategic move by JAB to strengthen its position in the coffee sector.

In a separate but related transaction, JAB has distributed 43 million shares of JDE Peet's, which equates to 9% of the total issued and outstanding share capital, among over 70 partners of JAB Consumer Partners (JCP). This distribution has resulted in a significant increase in JDE Peet's free float, which now stands at 32%. This change enhances the liquidity of JDE Peet's shares and allows for a broader base of shareholders.

As a result of these transactions, JAB's ownership stake in JDE Peet's will increase to 68%. Joachim Creus, Managing Partner at JAB, expressed confidence in the global coffee market and the long-term value creation potential of JDE Peet's. He reiterated JAB's commitment to its role as an anchor shareholder, emphasizing a strong belief in the company's growth prospects.

Overall, these developments reflect JAB's strategic vision to solidify its position within the coffee industry, while also fostering a more diverse shareholder base for JDE Peet's. The transactions are expected to support the company’s future initiatives and enhance its market presence, positioning it for sustained growth in the evolving beverage landscape.

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