Coca-Cola considers Costa Coffee sale after eight years of ownership
- Coca-Cola is reportedly looking to sell Costa Coffee, eight years after buying it for about $5 billion.
- It had abandoned an earlier sale attempt after private equity offers came in too low.
- A strategic buyer looked at the business but decided against proceeding.
- The 2018 purchase was meant to take Coca-Cola beyond fizzy drinks, and has not delivered as hoped.
Source: economictimes.indiatimes.com
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