JAB Holding boosts JDE Peet’s stake with $2.3bn Mondelez buyout

JAB Holding Company formed JDE Peet’s in late 2019 and now holds a 68% stake in the Amsterdam-headquartered coffee and tea group

JDE Peet’s manages a portfolio of over 50 coffee and tea brands, including Douwe Egberts and Tassimo | Photo credit: JDE Peet’s

JAB Holding Company formed JDE Peet’s in late 2019 and now holds a 68% stake in the Amsterdam-headquartered coffee and tea group

Luxembourg-based private equity firm JAB Holding Company has agreed to acquire Mondelez International’s stake in coffee and tea group JDE Peet’s for €2.16bn ($2.3bn).

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