Keurig Dr Pepper (KDP) has completed the acquisition of 96.22% of JDE Peet's shares through a cash public offering in August 2025, the companies said in a joint statement released to the press on Tuesday (31). According to the statement, with the incorporation of JDE, KDP plans to split into two independent companies: one for soft drinks in North America (Beverage) and another for global coffee (Global Coffee) – both with shares traded on the US stock exchange, which will first undergo an interim operational period. To this end, the KDP board of directors has appointed Rafael Oliveira as CEO of its coffee operating unit and as CEO of the future Global Coffee. Oliveira will join the KDP Executive Leadership Team during the integration period, reporting to KDP CEO Tim Cofer, who will assume the role of CEO of the future Beverage after the separation. Rafael Oliveira has served as CEO of JDE Peet's since November 2024. Previously, he worked for 10 years at The Kraft Heinz Company in various executive roles, including Executive Vice President and President of International Markets. He also worked at Goldman Sachs in the UK and Hong Kong. The timing of the separation will depend on the achievement of key milestones, including adequate leverage levels in each company and favorable market conditions. Furthermore, the companies will cease listing and trading of JDE shares on Euronext Amsterdam. The last trading day will be April 29, 2026, and delisting will occur on April 30, 2026.
This text was translated by machine from Brazilian Portuguese.