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International Business Times UK
International Business Times UK
Paolo Villanueva

Coca-Cola Considers Selling UK's Costa Coffee In Shock £2bn Move — Just Years After £3.9b Takeover

Costa Coffee CocaCola Lazard United Kingdom Whitbread

Coca-Cola is in talks with investment bank Lazard to review options involving a £2 billion ($2.7 billion) sale of Costa Coffee. The soft drink company had acquired the Costa brand in 2018 from Whitbread, the Premier Inn hotel chain owner, for £3.9 billion ($5.2 billion). Reports have said that the company has already had discussions with potential bidders, which include private-equity firms.

Coca-Cola on Why Discussions are Happening

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