Luigi Lavazza S.p.A. is reportedly offering €600 million for L'Or and Grand'Mere brands, which might be put up for sale by Mondelez International, Inc. (NasdaqGS:MDLZ) and D.E Master Blenders 1753 N.V. The price offered by Lavazza equals 10 times the earnings before interest, tax, depreciation and amortisation (EBITDA) totaling €55 million, and doubles the revenue of €300 million of L'Or and Grand'Mere. 3 out of 12 candidates passed the first stage of the tender, including Lavazza, BC Partners and Cinven, reported Les Echos on January 7 citing unidentified sources. Other initial candidates were Segafredo Zanetti S.p.A., Strauss Group Ltd. (TASE:STRS) and UCC Holdings Co., Ltd. Lavazza's offer does not include the production facilities of L'Or and Maison de Café near Montpellier and Andrezieu, while BC Partners and Cinven bid for the plants too, sources said.

Lazard Ltd. (NYSE:LAZ) is advising on the sale, Les Echos reported.