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JAB BevCo, a subsidiary of investment firm JAB Holding Company, has sold its remaining stake in Keurig Dr Pepper (KDP) following the beverage giant's JDE Peet's acquisition and planned separation.

JAB's remaining stake consisted of approximately 59.1 million shares, or around 4.3% of the company's outstanding common stock. The shares were sold through an unregistered block trade managed by JP Morgan Securities.

This transaction completes JAB's exit from Keurig Dr Pepper. In May 2025, the investment firm sold 75 million KDP shares in a transaction worth approximately $2.51 billion, reducing its holding to around 4.4% of the company's outstanding common stock.

JAB has now sold that remaining stake, which had a market value of approximately $1.85 billion based on KDP's share price at the time of the announcement.

Keurig Dr Pepper was formed in 2018 through the merger of Keurig Green Mountain and Dr Pepper Snapple Group. JAB played a key role in the creation of the business and had remained one of its major shareholders in the years since the merger.

Last year, KDP announced its acquisition of coffee giant JDE Peet's for €15.7 billion, with plans to separate into two US-listed public companies: Global Coffee Co and Beverage Co.

JAB said it remains committed to its consumer investment platform and will continue to focus on building consumer businesses through long-term investment. The company added that recent senior appointments have strengthened its team as it pursues opportunities across the consumer sector.