Coca-Cola looks to sell Costa Coffee, Semafor reports

Coca-Cola is seeking to unwind its $5 billion acquisition of British coffeehouse Costa Coffee after a sales process failed earlier this year, Semafor reported on Thursday, citing people familiar with the matter.

Here are some more details:

Coca-Cola had scrapped its plans to sell Costa earlier this year after the offers from private equity firms came in below expectations, the Financial Times reported in January.


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The beverage giant acquired Costa in 2018 for $5.1 billion in an effort to extend its push into healthier drinks.

At least one strategic acquirer mulled what a deal for Costa would look like before passing due to valuation and strategic issues, the Semafor report added.

Coca-Cola did not immediately respond to a request for comment

It could not be determined what price Coca-Cola might seek for Costa if it were to put the coffee chain back on the market, the report added.