Business

Coca-Cola agreed to buy coffee chain Costa Coffee

https://money.cnn.com/2018/08/31/investing/coca-cola-company-costa/index.html

The company has agreed to buy coffee chain Costa Coffee from UK drinks and hotels group Whitbread for £3.9 billion ($5.1 billion). Costa has nearly 4,000 stores across 32 countries. It will give Coca-Cola (KO) “a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion,” Coca-Cola said in a statement.