Clifford Chance

Clifford Chance advises Mondelēz International on the €2.2 billion sale of its stake in JDE Peet's to JAB

Global law firm Clifford Chance has advised its longstanding client Mondelēz International on the sale of its 86 million shares in JDE Peet's for €25.10 per share, to JDE Peet's majority shareholder JAB.

JDE Peet's, listed on Euronext Amsterdam, is the world's largest pure-play coffee and tea group by revenue, with brands including Peet’s Coffee, L’OR, Jacobs Coffee, Douwe Egberts, Senseo and Pickwick. Prior to the sale, Mondelēz International owned approximately 18% of the shares. 

The cross-border Clifford Chance team was led out of London by Robert Crothers and in Amsterdam by Han Teerink and further comprised Serkan Özel in Amsterdam and Rui Huo in Londonwith Michiel Sunderman providing tax advice out of Amsterdam.