Arab Today, arab today group to buy dutch masterblenders for €75bn
Last Updated : GMT 03:29:18
Arab Today, arab today
Arab Today, arab today

Group to buy Dutch Masterblenders for €7.5bn

Arab Today, arab today

Arab Today, arab today Group to buy Dutch Masterblenders for €7.5bn

The Hague - AFP

Dutch tea and coffee producer D.E. Masterblenders said Friday that it has reached a conditional agreement with a German investor group led by Johann A. Benckiser on a 7.5-billion-euro ($9.8-bn) takeover deal aimed at creating one of the world\'s leading hot drinks companies. The companies \"have reached conditional agreement on a recommended full public offer for D. E. Masterblenders of 12.50 euros per ordinary share,\" the Amsterdam-based company said in a statement. \"The intended offer values outstanding Masterblender shares at approximately 7.5 billion euros,\" Masterblenders added. Sold by US food giant Sara Lee last year, Masterblenders said its board \"fully supports and unanimously recommended the offer.\" It said the JAB group intended to finance the offer through a combination of debt and equity. Masterblenders\'s share price on Friday morning dipped slightly by 0.12 percent on the Amsterdam stock exchange\'s AEX index, where the company has been listed since mid-2012. When the iconic Dutch coffee brand last month announced a deal with JAB was in the pipeline, its shares surged by more than 27 percent to more than 12 euros. At the time of the initial March 28 offer, the deal valued Masterblenders at 12.75 euros a share, which has now been slightly reduced. \"Today\'s announcement means that a large investor group wants to completely focus on the coffee and tea market and wants to use Masterblenders to achieve that aim,\" its spokesman Michiel Quarles van Ufford told AFP. It \"confirms the value that has been achieved to date and the high potential platform we have built for the future,\" Masterblenders interim chief executive Jan Bennink added in the statement. Masterblenders, the second-biggest hot drinks group worldwide after Nestle, will be \"central to the creation of one of the world\'s leading coffee and tea companies,\" Bennink added. The deal is expected to be finalised by July and is subject to the usual terms and conditions. JAB comprises a privately-owned affiliated group of companies and also owns a majority stake in the cosmetics company Coty and a minority holding in the health and hygiene company Reckitt Benckiser. JAB also owns Labelux, a luxury leather goods company with well-known brands such as Jimmy Choo, Bally and Belstaff. It first ventured into the tea and coffee sector last year with a purchase of the US-based Peet\'s Coffee & Tea and Caribou Coffee companies. Masterblenders sells its products in more than 45 countries and employs 7,500 people worldwide. It trades in brands including Douwe Egberts coffee, Senseo and Pickwick tea.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today group to buy dutch masterblenders for €75bn Arab Today, arab today group to buy dutch masterblenders for €75bn

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday