Oct 21 (Reuters) - German conglomerate JAB said on

Monday it will acquire Mondelez's ( MDLZ ) minority stake in

Dutch coffee maker JDE Peet's in a 2.2 billion euro

($2.4 billion) deal that will increase JAB's holding to 68%.

JAB said it will pay 25.10 euros per share for Mondelez's ( MDLZ ) 86

million shares, or 17.6% stake, in JDE Peet's, owner of brands

including Douwe Egberts and Kenco.

JAB will distribute 9% of JDE Peet's share capital to

limited partners of JAB Consumer Partners, increasing the free

float to 32%.

JDE Peet's said it had appointed Rafael Oliveira, who has

been an executive at Kraft Heinz ( KHC ) in various capacities

over the past 10 years, as its chief executive officer,

effective Nov. 1.

Oliveira takes over from CFO Scott Gray who temporarily

handled responsibilities after interim CEO Luc Vandevelde

stepped down in August after just four months, with the company

citing "unforeseen matters that required his immediate

attention" as the reason for Vandevelde's resignation.

($1 = 0.9213 euros)