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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.

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

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