Mondelēz International Participates in JDE Peet’s IPO; Retains Significant Stake
May 29 2020 - 8:06AM
Mondelēz International, Inc. (NASDAQ: MDLZ) today announced its
participation in JDE Peet’s admission to listing and trading of its
ordinary shares on Euronext Amsterdam (Euronext Amsterdam: JDEP)
and confirmed that it will be selling a portion of its stake in the
coffee and tea company as part of the secondary component of JDE
Peet’s offering. The offer price was set at €31.50 per share.
After settlement and depending on exercise of the over-allotment
option, Mondelēz International’s stake in JDE Peet’s will be
between 22.9 percent and 23.4 percent. Mondelēz International will
retain two seats on the board of JDE Peet’s, which has a portfolio
of more than 50 brands, including Peet's, Jacobs, L’Or, Senseo,
Tassimo and Ti Ora.
“We congratulate JDE Peet’s leadership team on the successful
offering,” said Mondelēz International Chairman and Chief Executive
Officer Dirk Van de Put. “This listing brings flexibility and
optionality for Mondelēz International, and establishes a public
mark for the value of our stake, as with our stake in Keurig Dr
Pepper (NYSE: KDP).
“We will continue to remain engaged in JDE Peet’s via our two
board seats,” he added.
Mondelēz International participated in the offering through its
affiliate Mondelez Coffee HoldCo B.V.
The shares of JDE Peet's will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent an exemption from the registration
requirements.
About Mondelēz International
Mondelēz International, Inc. (NASDAQ: MDLZ) empowers people to
snack right in over 150 countries around the world. With 2019 net
revenues of approximately $26 billion, MDLZ is leading the future
of snacking with iconic global and local brands such as OREO,
belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone
chocolate; Sour Patch Kids candy and Trident gum. Mondelēz
International is a proud member of the Standard and Poor’s 500,
Nasdaq 100 and Dow Jones Sustainability Index. Visit
www.mondelezinternational.com or follow the company on Twitter at
www.twitter.com/MDLZ.
Contact: |
Tom Armitage (Media) |
Shep Dunlap (Investors) |
|
+1 847
943 5678 |
+1 847
943 5454 |
|
news@mdlz.com |
ir@mdlz.com |
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