Advertisement
UK markets open in 13 minutes

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,934.17
    +396.36 (+2.14%)
     

  • CRUDE OIL

    79.93
    +0.67 (+0.85%)
     

  • GOLD FUTURES

    2,369.60
    +29.30 (+1.25%)
     

  • DOW

    39,387.76
    +331.36 (+0.85%)
     

  • Bitcoin GBP

    50,192.21
    +1,067.78 (+2.17%)
     

  • CMC Crypto 200

    1,351.21
    -6.80 (-0.50%)
     

  • NASDAQ Composite

    16,346.26
    +43.46 (+0.27%)
     

  • UK FTSE All Share

    4,558.37
    +14.13 (+0.31%)
     
Money:

Best UK mortgage deals of the week

As Bank of England holds interest rates, here's what high street banks are offering home buyers

Mondelez offloads some stake in JDE Peet's at a discount - Bloomberg

Investing.com
·1-min read

By Scott Kanowsky

Investing.com -- Shares in JDE Peet's NV (AS:JDEP) slipped down to near the bottom of the pan-European Stoxx 600 on Thursday after food company Mondelez (NASDAQ:MDLZ) reportedly completed a sale of 7.7 million shares in the coffee and tea company.

Mondelez offloaded the stake at €26.10 (€1 = $1.0877) per share, which represented around a 6% discount to JDE Peet's last closing price, according to terms seen by Bloomberg. In total, the share sale is worth approximately about €200M.

At the same time, Bloomberg reported that Mondelez sold call options for an additional about 7.7M shares of JDE Peet's, or about 1.5% of share capital.

ADVERTISEMENT

As of April 1, 2022, there were 502.7M shares outstanding in JDE Peet's, with Mondelez holding the second-largest amount of equity in the business.

In February, JDE Peet's posted a bigger-than-expected 6% decline in annual core profit, but said it expects to see "low-single-digit" growth in adjusted earnings before interest and taxes in 2023.

Related Articles

Mondelez offloads some stake in JDE Peet's at a discount - Bloomberg

Ford in $4.5 billion deal for EV battery materials plant

Chinese developer Country Garden retreats from smaller cities