When the two companies form a new entity it will have annual revenues of over $7 billion. Mondelez International Inc (NASDAQ:MDLZ)’s restructuring is looking to see an annualized savings of no less than $1.5 billion by 2018.
Mondelez International’s Stake
The new company will be called Jacobs Douwe Egberts and will be based in Holland said the companies in a joint statement today. When completed, Mondelez International Inc (NASDAQ:MDLZ) will hold a 49% stake in the new venture that will allow it to concentrate its efforts on the $81 billion global market and will receive after-tax proceeds of roughly $5 billion.