BREAKING: Coca-Cola buys coffee chain Costa from Whitbread for £3.9bn

Coca-Cola on Friday said it had agreed to buy global coffee chain Costa from its owner Whitbread for £3.9 billion ($5.1 billion).

“Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand. Costa gives us access to this market through a strong coffee platform,” Coca-Cola chief executive James Quincey said in a joint statement.

(AFP)