The EU has authorized Coca-Cola to buy Costa coffee



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The European Commission announced today that it has authorized the sale of the Costa Coffee chain to the American producer of Coca-Cola beverages by the British owner of Whitbread restaurants and hotels.

"The Commission has come to the conclusion that the acquisition project would not create a competition problem because companies do not sell the same products and the links between their activities are limited," Reuters said in a statement. from the EU.

In August 2018, Coca-Cola announced the conclusion of an agreement with the British company Whitbread for the purchase of the Costa coffee chain. The deal is worth $ 5.1 billion. Thanks to sympathies for the year 1995 with 19 million pounds sterling. She is only 39 years old. B Costa momenta has a population of 2,400 people in the field of education and 1,400 children out of 30. For the year 2018, they were billed at 1.292 billion pounds sterling and paid 238 million pounds. pound sterling.

The Bulgarians take their coffee in the city of Cafe, somewhere in Bapa and Plodvdiv. At the announcement of the transaction, James Quincy, CEO of Coca-Cola, said the ingestion is more about having access to most Costa products, such as coffee vending machines, product stands Finished, the cold coffee drink right away than using the restaurant chains.

"It's a strategy for coffee, not for retail," he said.

Source: Money.bg

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