Equity

Luxembourg firm invests $18.7 billion in Keurig, Dr Pepper merger

Merger between Keurig Green Mountain, Dr Pepper Snapple creates 'Keurig Dr Pepper'

29.01.2018

A Luxembourg-based investment firm which invests in global consumer brands will pay $18.7 billion (€15.5 billion) to acquire soft drinks firm Dr Pepper Snapple and merge it with coffee company Keurig Green Mountain.

Keurig Green Mountain and Dr Pepper Snapple announced on Monday the companies have entered into a "definitive merger agreement" to create Keurig Dr Pepper, which will have combined revenues of $11 billion.