German investment company Joh. A. Benckiser (JAB) is considering making a public offer for all the shares in Dutch coffee and tea group DE Master Blenders.

JAB has made an indicative offer of €12.75 per share for DE Master Blenders, which was spun off by the Sara Lee group last year. The German company has already built up a 15% stake in the Dutch firm and is in talks with a number of other parties, the Financieele Dagblad said.

‘The negotiations are at an early stage,’ DE Master Blenders said in a statement. ‘At this time it is uncertain whether the negotiations with JAB will result in a conditional agreement on a potential full public offer… and, if so, at what price and under which conditions.’

JAB recently bought American coffee shop chains Caribou and Peet’s, the FD said.