Italian multinational Lavazza is poised to become the biggest coffee company in France, according to information divulged to Reuters by two internal sources, in a deal valued at approximately €750 million to purchase Carte Noire.
The transaction, which will reportedly go through this month, will also make Lavazza the fourth-largest coffee company globally. Mondeléz International put Carte Noire on the international market a year ago, in February 2015.
The offer for Carte Noire was provisionally accepted by Mondeléz in July 2015. The snack-food giant decided to offload the coffee brand because of EU competition rules (its merger with D.E Master Blenders 1753 necessitated an asset offload of Carte Noire’s size by law).
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BNP Paribas, Intesa Sanpaolo, Rabobank and UniCredit will be involved in financing the trade.
One of the two inside sources told Reuters, "The deal is worth around €750 million and is expected to be wrapped [up] by the end of February."
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.