Coca-Cola purchased coffee chain Costa for $4.9 billion
Photo: ANA
The company will receive nearly four thousand coffee shops Costa
03.01.19 112010
The Coca-Cola has acquired from Whitbread PLC network coffee companies Costa, Interfax reported with reference to Whitbread.
The amount of the transaction amounted to 3.7 billion pounds ($4.9 billion). The transaction was closed after obtaining permission from the regulators in the EU and China.
Coca-Cola will receive nearly four thousand Costa coffee shops and businesses are roasting and distribution of coffee beans.
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Network Costa Coffee appeared in Britain in 1971 and is currently the largest in the country. Whitbread bought it for 19 million pounds in 1995. Then the network had only 39 stores in the UK. In April 2018 Whitbread Costa Coffee has allocated in the independent company under pressure from minority shareholders-activists.
In 2018 fingado ended March 1, Costa recorded sales revenues at the level of 1.3 billion pounds, EBITDA was 238 million pounds.
We will remind that Carlsberg Ukraine, Coca-Cola and PepsiCo Ukraine to stop production in Ukraine in connection with the termination of operation of the plant Dniproazot.