Deals
Master Blenders to Buy Mondelez Coffee Unit for $5 Billion
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JAB Holding Co., the investment arm of the billionaire Reimann family, agreed to pay Mondelez International Inc. $5 billion in cash to create the world’s second-biggest coffee company and step up the challenge to Nestle SA.
A company led by JAB will combine Mondelez’s coffee unit with D.E Master Blenders 1753 BV, giving it control of brands such as Jacobs, according to a statement today. Mondelez will gain a 49 percent stake in the new company, which will be named Jacobs Douwe Egberts and based in the Netherlands.