JDE, Peet's IPO Likely To Be Credit Positive For Investor JAB Holding: Moody's
The planned IPO for the combined Jacobs Douwe Egberts (JDE) and Peet's Coffee business would likely be 'credit positive' for investor parent JAB Holding, Moody's has said, as it would 'further increase the liquidity of its portfolio of investments and potentially bring large sums of cash to be redeployed within JAB Holding'.
Moody's Investors Service was commenting following the announcement earlier this week that JAB was to merge JDE and Peet's and explore an IPO, bringing together leading brands such as L’OR, Jacobs Coffee, Douwe Egberts, Senseo, Tassimo, Moccona, Kenco and Peet's.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!