Coca-Cola Costa Sale Risk

Benzinga

Coca-Cola and TDR Capital are scrambling to salvage the Costa Coffee sale after pricing disputes. Coca-Cola may keep a minority stake, with a final decision expected next week.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:03Coca-Cola and private equity firm TDR Capital are in urgent talks after pricing disagreements

00:08put Coca-Cola's planned sale of Costa Coffee at risk, according to the Financial Times.

00:14TDR was previously named the preferred bidder, but Coca-Cola is expected to decide next week

00:19whether to proceed or abandon the process. The deal would see Coca-Cola retain a minority stake

00:23that could be increased to facilitate completion. Coca-Cola targeted about $2.5 billion in proceeds

00:29from Costa, which it acquired in 2018 for roughly $5 billion. Costa reported a 13.8 million pound

00:37loss in 2023 on 1.2 billion pounds in revenue as competition and rising costs weighed on results.

00:44For all things money, visit Benzinga.com.

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