Keurig Dr Pepper said it has acquired 96.22% of JDE Peet’s shares in its cash offer, clearing the way for the Dutch coffee company’s delisting from Euronext Amsterdam on April 30, 2026. The last day of trading will be April 29.
The deal gives KDP control of a combined coffee business built around JDE Peet’s and KDP’s Keurig operation. KDP said it is already moving into integration work focused on operations, synergies, leadership alignment and execution.
KDP also named Rafael Oliveira chief executive of its coffee operating unit and future chief executive of Global Coffee Co., the company planned after KDP’s separation into two businesses. Oliveira will stay on as JDE Peet’s CEO during the integration period and will join KDP’s executive leadership team, reporting to CEO Tim Cofer.
KDP said the separation is still expected to be driven by key milestones, including leverage targets and market conditions, but its transformation workstreams are aiming for operational readiness to separate by year-end 2026.
The company said shareholders who did not tender during the original offer period can still tender during the post-closing acceptance period, which began March 30, 2026, and runs through April 13, 2026. KDP said it will accept all shares tendered in that period.
Oliveira has led JDE Peet’s since November 2024. Before that, he spent 10 years at Kraft Heinz, including as executive vice president and president of international markets, and 10 years at Goldman Sachs in the U.K. and Hong Kong. The market has reacted to these announcements by moving the company's shares -0.38% to a price of $26.27. For the full picture, make sure to review Keurig Dr Pepper's 8-K report.
