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Coca-Cola's Costa Coffee Sale Stalls Amid Pricing Dispute

12/13/2025

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Summary

Story summary

The Coca-Cola Company’s proposed sale of Costa Coffee is at risk as negotiations with private equity firm TDR Capital stall over pricing.
TDR Capital was named the preferred bidder.
The deal would leave Coca-Cola with a minority stake in Costa Coffee.
In 2018, Whitbread sold Costa Coffee to Coca-Cola for $5.1 billion.
Coca-Cola previously engaged Lazard to explore options for Costa’s sale.

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Story summary

The Coca-Cola Company’s proposed sale of Costa Coffee is at risk as negotiations with private equity firm TDR Capital stall over pricing.
TDR Capital was named the preferred bidder.
The deal would leave Coca-Cola with a minority stake in Costa Coffee.
In 2018, Whitbread sold Costa Coffee to Coca-Cola for $5.1 billion.
Coca-Cola previously engaged Lazard to explore options for Costa’s sale.