That is how expensive the Douwe Egberts shares should be Financial

JDE Peet’s is issuing € 700 million in new shares, and plans to list them on Wednesday, June 3. In addition, shareholders Acorn, which is owned by parent company JAB and several other investors, and Mondelez each raise a maximum of € 1.55 billion.

JDE Peet’s was created when investor JAB transferred its coffee assets to one company. Only Nestlé is a larger coffee company when looking at the amount of coffee beans roasted annually. JDE Peet’s plans to use the proceeds from the sale of the new shares to reduce debt.

It is not the first adventure on the Amsterdam stock exchange for Douwe Egberts. The company was previously owned by the American Sara Lee for decades, which brought the coffee and tea division to the Amsterdam stock exchange in 2012 as an independent company. There it was barely bought away by JAB a year later.

Since the takeover by JAB, the company has increased its turnover by 3.1 percent annually, to 6.9 billion euros in 2019. These sales are not only due to Douwe Egberts. JDE also owns tea brand Pickwick and coffee brands Senseo, L’Or and Tassimo.

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