Germany’s JAB to list coffee and restaurant empire – report

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BERLIN, Feb 14 (Reuters) – JAB Holding Co, the private investment company of the German Reimann family, is planning two initial public offerings of its coffee and restaurant businesses, Germany’s Lebensmittel Zeitung reported on Thursday.

“We want to bring both companies to the stock exchange separately in the next two to three years,” JAB chairman Peter Harf told the trade journal in an exclusive interview.

A JAB spokesman was not immediately available to comment.

The newspaper said the IPOs would generate billions for the Reimanns, who have built a coffee empire over the past five years, seeking to take on market leader Nestle by buying packaged brands like JDE and coffee house chains like Peet’s Coffee.

Lebensmittel Zeitung said the coffee business, also including Keurig Dr Pepper, had annual sales of $19 billion, while the restaurant business including the Pret-a-Manger sandwich chain and Panera Bread had turnover of $5.7 billion.

Reporting by Emma Thomasson; editing by Thomas Seythal

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