• COCA-COLA BUYS COSTA COF­FEE FOR USD 5 BIL­LION

Hospitality News Middle East - - NEWS -

The deal is ex­pected to close in the first half of 2019. The ac­qui­si­tion of Costa from par­ent com­pany Whit­bread PLC – the UK’S largest op­er­a­tor of ho­tels, restau­rants and cof­fee shops – is val­ued at USD 5.1 bil­lion and will give Coca-cola a strong cof­fee plat­form across parts of Europe, Asia Pa­cific, the Mid­dle East and Africa, with the op­por­tu­nity for ad­di­tional ex­pan­sion.

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