Coca-Cola Considering Sale of Costa Coffee Again
Coca-Cola (KO) is reportedly once again exploring the sale of its British coffee chain, Costa Coffee. The company had previously ended a sales process in December but has now reopened discussions with potential buyers. According to reports, at least one strategic buyer evaluated the possibility before deciding against it due to valuation and strategic concerns. This renewed interest suggests Coca-Cola may still be seeking an optimal deal for its coffee business.
Tickers: $KO
Topics: Coca-Cola Corporate Strategy Costa Coffee Mergers and Acquisitions