Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

Whitbread says the sale will allow it to focus on its Premier Inn hotel business

Costa Coffee, Britain’s biggest coffee shop chain, is being bought by Coca-Cola in a £3.9bn deal.

Costa owner Whitbread, which also owns the Premier Inn hotel chain, had been planning to demerge Costa but said the Coca-Cola deal offered a far higher price.

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from The Guardian https://ift.tt/2LJjlBl