A PYMNTS Company

EU: Master and Mondelez get approval for their $5 billion coffee deal

By  |  May 5, 2015

Mondelez International Inc. and D.E Master Blenders 1753 B.V. have earned merger approval from European Union regulators.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    To appease regulators, Mondelez will sell its Carte Noire business, while Master Blenders brands will see some changes: it will shed Merrild and license Senseo.

    The coffee business merger will create the world’s leading pure-play coffee company, Jacobs Douwe Egberts, worth about $7 billion. The deal is forecast to close in 2015.

     

    Full content: RTT News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.