Coca-Cola Seeks to Sell Costa
Coca-Cola is exploring options to sell Costa Coffee years after acquiring the British chain for over five billion dollars. Previous sales efforts stalled when private equity bids fell below expectations.
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COCA-COLA CO is exploring a sale of Costa Coffee, revisiting a $5.1B acquisition made in the United Kingdom during a 2018 expansion into hot beverages. The move comes after private equity bids fell short of expectations earlier this year, halting a prior auction process. Investors are tracking whether a strategic buyer emerges this time to take over the global coffee chain.
