JAB Sells Remaining Stake in Keurig Dr Pepper
JAB BevCo has divested its remaining 4.3% stake in Keurig Dr Pepper through an unregistered block trade.
2 sources
JAB BevCo B.V., a subsidiary of JAB Holding Company S.a.r.l., has announced the sale of its remaining stake in Keurig Dr Pepper Inc. The transaction involved approximately 59.1 million shares, representing about 4.3% of Keurig Dr Pepper's outstanding common stock. The sale was executed through an unregistered block trade conducted by J.P. Morgan Securities LLC.[1][2]
Despite exiting its position in the beverage company, JAB stated that it remains firmly committed to its consumer investment platform. The firm also noted that its organizational team has been strengthened by recent senior appointments.[1]
