Whitbread gets EU clearance for Costa sale

Whitbread gets EU clearance for Costa sale
Cappuccinos sit on a table in Costa Coffee in Loughborough, Britain April 25, 2018. REUTERS/Darren Staples -
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DARREN STAPLES(Reuters)
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(Reuters) - British restaurant and hotel owner Whitbread Plc <WTB.L> said on Friday it has received clearance from the European Union for sale of the Costa coffee chain to Coca-Cola Co <KO.N>.

Whitbread said it now expects the deal to close in January next year and will implement a new 500 million pound share buyback programme after the deal close. (https://reut.rs/2BzA3A1)

(Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)

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