Keurig Dr Pepper to Sell Chobani Stake for 925M
Keurig Dr Pepper announced it will sell its equity stake in Chobani and a Pennsylvania manufacturing facility back to the yogurt maker for 925 million dollars. The divestment comes as the beverage company reshapes its business operations following a major acquisition.
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KEURIG DR PEPPER INC will sell its stake in Chobani and an Allentown, Pennsylvania facility for $925 million. The divestment follows the beverage company's $18 billion acquisition of Dutch coffee maker JDE Peets. The deal helps streamline operations as the firm prepares to split its coffee and beverage units into separate publicly traded United States entities.
