European Commission approval for Jacobs Douwe Egberts deal
Mondelez International (NASDAQ:MDLZ) and D.E. Master Blenders (OTC:DEMBF) land conditional approval from the European Commission on their proposed merger after agreeing to divest a few brands in certain regions.
The newly-created Jacobs Douwe Egberts is expected to strike revenue of more than €5B ($5.56B).
Pierre Laubies will be the pure play coffee company's CEO.
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