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Coca-Cola scrambles to rescue Costa Coffee TDR sale

privateequitywire

5 months ago

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Coca-Cola held last-ditch talks with private equity firm TDR Capital over the weekend in a bid to to salvage the proposed deal for the sale of Costa Coffee after negotiations stalled over price, according to a report by the Financial Times.
TDR, co-owner of EG Group, was selected as Coca-Cola’s preferred bidder earlier this week following a board meeting in New York, sources say.
The deal under discussion would see Coca-Cola retain a minority stake in Costa, with the size of the holding potentia...

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