KDP broadens La Colombe agreement, divests Chobani stake

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KDP CEO Tim Cofer says the transactions will help advance the growth and capital allocation of its two future businesses, Beverage Co. and Global Coffee Co. Image: piter2121/stock.adobe.com. Keurig Dr Pepper (KDP) has announced a series of transactions to help advance the growth and capital allocation of its two future businesses, Beverage Co. and Global Coffee Co. KDP will sell its full equity stake in Chobani back to Chobani for US$800 million, with Chobani also acquiring KDP’s manufacturing…

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