BCN-43 Coca-Cola buys coffee chain Costa for o3.9 bn

ZCZC

BCN-43

BRITAIN-US-TAKEOVER-COCACOLA-COSTA

Coca-Cola buys coffee chain Costa for o3.9 bn

LONDON, Aug 31, 2018 (BSS/AFP) – Coca-Cola on Friday said it had agreed to
buy global coffee chain Costa from its owner Whitbread for o3.9 billion ($5.1
billion).

“Hot beverages is one of the few remaining segments of the total beverage
landscape where Coca-Cola does not have a global brand. Costa gives us access
to this market through a strong coffee platform,” Coca-Cola chief executive
James Quincey said in a joint statement.

BSS/AFP/HR/1248