Italy’s Illy Coffee Attracts Interest From JAB and Nestle

From www.bloomberg.com

Italian coffee maker Illycaffe SpA has attracted interest from suitors including JAB Holding Co. and Nestle SA, but the family owners have so far rebuffed approaches, according to people familiar with the matter.

JAB, which has built a coffee empire through a series of acquisitions, is interested in buying all of the Trieste-based coffee roaster, according to the people, who asked not to be named as the details aren’t public. Nestle approached Illy some months ago and was told the family was unwilling to sell for the time being, the people said.

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