A PYMNTS Company

EU: $9.73B coffee deal to be decided in June

By  |  May 15, 2013

The European Commission has announced it will use its simplified merger procedure to assess a deal worth about $9.73 billion, which sees a buyout of Douwe Egberts coffee by a German investor. Douwe, based in the Netherlands, would land in the hands of Joh A Benckiser, which recently bought out D.E. Master Blenders 1753. The Commission has set a date of June 19 to rule on the proposed acquisition, though according to reports, the offer is likely to get a green light as regulators do not see likely competition concerns arising from the deal.

    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.

    Full Content: Reuters

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