JAB Acquires Mondelez’s Stake in JDE Peet’s and Distributes Shares to Outside Investors to Significantly Increase Free Float
JAB has announced two significant transactions involving JDE Peet's (EURONEXT: JDEP) shares. Firstly, JAB is acquiring Mondelez's (Nasdaq: MDLZ) entire stake of 86 million shares in JDE Peet's at €25.10 per share. Secondly, JAB has distributed 43 million JDE Peet's shares, representing 9% of the total issued and outstanding share capital, to over 70 partners of JAB Consumer Partners (JCP).
These moves have increased JDE Peet's free float to 32%, making it a more widely held company. Following these transactions, JAB's stake in JDE Peet's will increase to 68%. JAB's Managing Partner, Joachim Creus, expressed strong conviction in the global coffee sector and JDE Peet's long-term value creation prospects, affirming JAB's commitment as an anchor shareholder.
JAB ha annunciato due operazioni significative riguardanti le azioni di JDE Peet's (EURONEXT: JDEP). In primo luogo, JAB sta acquisendo l'intera partecipazione di 86 milioni di azioni di Mondelez (Nasdaq: MDLZ) in JDE Peet's a 25,10 € per azione. In secondo luogo, JAB ha distribuito 43 milioni di azioni di JDE Peet's, che rappresentano il 9% del capitale azionario emesso e in circolazione, a oltre 70 partner di JAB Consumer Partners (JCP).
Queste mosse hanno aumentato il flottante di JDE Peet's al 32%, rendendola una società più ampiamente detenuta. Dopo queste operazioni, la partecipazione di JAB in JDE Peet's aumenterà al 68%. Il Managing Partner di JAB, Joachim Creus, ha espresso una forte convinzione nel settore globale del caffè e nelle prospettive di creazione di valore a lungo termine di JDE Peet's, affermando l'impegno di JAB come azionista di riferimento.
JAB ha anunciado dos transacciones significativas que involucran las acciones de JDE Peet's (EURONEXT: JDEP). Primero, JAB está adquiriendo la participación total de 86 millones de acciones de Mondelez (Nasdaq: MDLZ) en JDE Peet's a 25,10 € por acción. En segundo lugar, JAB ha distribuido 43 millones de acciones de JDE Peet's, que representan el 9% del capital social total emitido y en circulación, a más de 70 socios de JAB Consumer Partners (JCP).
Estos movimientos han aumentado el flotante de JDE Peet's al 32%, convirtiéndola en una empresa más ampliamente poseída. Tras estas transacciones, la participación de JAB en JDE Peet's aumentará al 68%. Joachim Creus, Socio Gerente de JAB, expresó una fuerte convicción en el sector del café global y las perspectivas de creación de valor a largo plazo de JDE Peet's, afirmando el compromiso de JAB como accionista principal.
JAB는 JDE Peet's (EURONEXT: JDEP)의 주식과 관련된 두 가지 중요한 거래를 발표했습니다. 첫째, JAB는 Mondelez (Nasdaq: MDLZ)의 전체 지분 8600만 주를 인수하고 있습니다 JDE Peet's의 주가는 주당 25.10 유로입니다. 둘째, JAB는 4300만 주의 JDE Peet's 주식을 배당했습니다, 이는 총 발행된 주식 자본의 9%에 해당하며 JAB Consumer Partners (JCP)의 70개 이상의 파트너에게 할당되었습니다.
이 조치로 인해 JDE Peet의 자유 유통 주식 비율이 32%로 증가했습니다, 이는 더 널리 소유되는 기업이 됨을 의미합니다. 이러한 거래 후 JAB의 JDE Peet's 지분은 68%로 증가할 것입니다. JAB의 관리 파트너인 Joachim Creus는 글로벌 커피 산업과 JDE Peet의 장기적인 가치 창출 전망에 대한 강한 확신을 표현하며, JAB의 주요 주주로서의 의지를 확인했습니다.
JAB a annoncé deux transactions importantes concernant les actions de JDE Peet's (EURONEXT: JDEP). Premièrement, JAB acquiert la participation totale de 86 millions d'actions de Mondelez (Nasdaq: MDLZ) dans JDE Peet's au prix de 25,10 € par action. Deuxièmement, JAB a distribué 43 millions d'actions de JDE Peet's, représentant 9 % du capital social total émis et en circulation, à plus de 70 partenaires de JAB Consumer Partners (JCP).
Ces mouvements ont augmenté le flottant de JDE Peet's à 32 %, ce qui en fait une entreprise plus largement détenue. À la suite de ces transactions, la participation de JAB dans JDE Peet's augmentera à 68 %. Joachim Creus, le partenaire directeur de JAB, a exprimé une forte conviction dans le secteur mondial du café et les perspectives de création de valeur à long terme de JDE Peet's, affirmant l'engagement de JAB en tant qu'actionnaire de référence.
JAB hat zwei bedeutende Transaktionen in Bezug auf die Aktien von JDE Peet's (EURONEXT: JDEP) angekündigt. Erstens erwirbt JAB die gesamte Beteiligung von 86 Millionen Aktien von Mondelez (Nasdaq: MDLZ) an JDE Peet's zu einem Preis von 25,10 € pro Aktie. Zweitens hat JAB 43 Millionen JDE Peet's Aktien verteilt, was 9% des insgesamt ausgegebenen und ausstehenden Aktienkapitals entspricht, an über 70 Partner von JAB Consumer Partners (JCP).
Diese Maßnahmen haben den Streubesitz von JDE Peet's auf 32% erhöht, was die Gesellschaft breiter gefächert macht. Nach diesen Transaktionen wird der Anteil von JAB an JDE Peet's auf 68% steigen. JABs geschäftsführender Partner, Joachim Creus, äußerte starke Überzeugung hinsichtlich des globalen Kaffee-Sektors und der langfristigen Wertschöpfungsperspektiven von JDE Peet's und bestätigte JABs Engagement als Hauptaktionär.
- Acquisition of Mondelez's 86 million shares in JDE Peet's
- Increased free float of JDE Peet's to 32%
- JAB's stake in JDE Peet's increased to 68%
- Distribution of shares to over 70 partners, broadening ownership
- None.
Insights
This transaction marks a significant shift in JDE Peet's ownership structure, with important implications for both Mondelez and JAB. Mondelez is divesting its
The increased free float is likely to enhance JDE Peet's liquidity and potentially its attractiveness to institutional investors. This could lead to improved price discovery and possibly a re-rating of the stock. JAB's decision to distribute shares to its partners also suggests confidence in JDE Peet's future performance and may align interests across a broader investor base.
For Mondelez shareholders, the impact depends on how the company utilizes the proceeds. This exit from a non-core investment could allow Mondelez to focus on its core snacking business or pursue other strategic initiatives. Investors should watch for announcements on the use of these funds in the coming months.
The coffee and tea market landscape is evolving with this transaction. JDE Peet's, as the world's leading pure-play coffee and tea company, is now positioned with a more diverse shareholder base. This could potentially lead to:
- Increased market visibility and analyst coverage
- Greater trading volume and improved stock liquidity
- Enhanced corporate governance practices to meet the expectations of a wider investor pool
JAB's strong conviction in the coffee sector's resilience suggests positive long-term industry outlook. However, investors should consider how this transaction might affect JDE Peet's strategic direction and whether the increased free float might lead to more short-term market volatility.
For Mondelez, this exit from JDE Peet's allows for a cleaner focus on its core snacking business, potentially sharpening its competitive edge in that space. The market will be keen to see how Mondelez redeploys the capital from this sale and whether it signals a shift in strategy towards more focused operations or potential acquisitions in the snacking sector.
In aggregate, JAB distributed 43 million shares, representing
“These transactions represent a major milestone for JDE Peet’s, which is now a more widely held blue chip company,” said Joachim Creus, JAB Managing Partner, Vice Chairman, and CEO. “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.”
About JAB
JAB is an investment holding company that invests in insurance and consumer-focused industries with attractive long-term dynamics, including strong growth prospects, attractive margin and cash flow characteristics, and proven resiliency. JAB is the anchor shareholder of Keurig Dr Pepper Inc., a leader in the North American beverage industry, and Krispy Kreme, Inc., a global leader in freshly delivered doughnuts. JAB is also the controlling shareholder of Coty Inc., a global leader in beauty, and JDE Peet’s, the world’s leading pure-play coffee and tea company. Together with JAB Consumer Partners, JAB is the controlling shareholder of National Veterinary Associates, one of the world’s largest animal care services platforms; Independence Pet Holdings, a leading provider of pet insurance in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241020002718/en/
Zach Siegel for JAB
zach@the193.com
Source: JAB
FAQ
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