Mondelez wants to exit Jacobs Kaffee in the long term
The US food group Mondelez wants to exit the coffee business in the long term. "Obviously we have strategically decided not to want to be a coffee company," company boss Dirk van de Put told the "Handelsblatt" (Tuesday edition). "So you can count on us to sell the stake in the long term," he said with a view to the 13.8 percent stake in the US company Keurig Dr Pepper and the minority stake in the Dutch Jacobs Douwe Egberts. "But there's no reason at this time. The performance is good."
The partner in both companies is the JAB holding company of the industrial heir Reimann. JAB recently announced its intention to float the coffee companies on the stock exchange in the medium term. Van de Put said that for Mondelez this was "not necessarily" a time for exit. "But an IPO would basically give us more flexibility, so that would be good" (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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