Whitbread gets EU clearance for Costa sale

Cappuccinos sit on a table in Costa Coffee in Loughborough, Britain April 25, 2018. REUTERS/Darren Staples - Copyright DARREN STAPLES(Reuters)

By Reuters

Published on 21/12/2018 - 19:34•Updated 26/04/2024 - 12:40

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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)