Italian coffee group Lavazza has confirmed its €600m bidding offer for French groups L’Or and Café Grand’Mère, as reported by French newspaper Les Echos. The combined annual revenues of the two French coffee brands is about €300m. The L’Or and Grand Mere brands were put up for sale to ease a merger of Mondelez International’s coffee business with D.E Master Blenders 1753 in order to avoid market domination for the newly-merged company. However, it seems that Lavazza is not the only interested company, as investment groups Bc Partners and Cinven have also shown an interest in a possible purchase. Nevertheless, Lavazza hopes to close the deal by the end of 2015.
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