JAB raises stake in D.E Master Blenders
AMSTERDAM Oct 19 (Reuters) - D.E Master Blenders 1753 , the Douwe Egberts coffee business, said shareholder Joh. A. Benckiser had increased its shareholding to 15.05 percent from 12.19 percent.
JAB, the investment vehicle for the Reimann family from Germany, expressed interest in the coffee business in July when it said it might increase its minority stake.
D.E Master Blenders was spun off by U.S. group Sara Lee, now known as Hillshire Brands, in July.
The company, whose brands also include Senseo coffee pods and machines as well as Pickwick tea, is the third-largest player in the global coffee market after U.S.-based Kraft Foods and Swiss market leader Nestle. (Reporting by Roberta B. Cowan; Editing by Dan Lalor) (Roberta.Cowan@thomsonreuters.com; +3120-504-5000)
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