European shares fall on renewed fear of trade conflict

Go back to European shares fall on renewed fear of trade conflict

Coca Cola (KO) to Acquire Costa Limited from Whitbread PLC for $5.1B

August 31, 2018 5:42 AM EDT

The Coca-Cola Company (NYSE: KO) today announced that it has reached a definitive agreement to acquire Costa Limited, which was founded in London in 1971 and has grown to become a major coffee brand across the world.

The acquisition of Costa from parent company Whitbread PLC is valued at $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. Costa operations include... More