Coca-Cola buys Costa Coffee for £3.9 bln

Coca-Cola is acquiring British coffee-shop chain Costa Coffee from Whitbread in a £3.9 billion deal. The transaction value amounts to 16.4 times Costa EBITDA for 2018. The deal should be completed in the first half of 2019, Whitbread said in a statement. This combination will ensure new product development, continued growth in the UK and more…

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