Bidders serve Coca-Cola with lukewarm Costa Coffee bids

Bidders serve Coca-Cola with lukewarm Costa Coffee bids

Apollo Global Management, one of the parties which indicated an interest in a takeover of Britain’s biggest coffee chain, decided against bidding ahead of last week’s deadline, Sky News learns.

Smaller-Than-Expected Number Of Bids For Coca-Cola’s Costa Coffee Unit

Weeks after it was revealed that the Coca-Cola Company was looking to sell its Costa Coffee business in the UK, the soft drinks giant is reported to have received initial bids after advisers set a deadline last week. According to (more…) The post Smaller-Than-Expected Number Of Bids For Coca-Cola’s Costa Coffee Unit appeared first on KamCity.

Bidders Serve Coca-Cola With Lukewarm Costa Coffee Bids - Great Yorkshire Radio

Sky News understands that Coca-Cola and its advisers set a deadline last week for indicative offers for Costa. City sources said on Monday that Apollo Global Management, the investment giant which had expressed an interest in the business, decided not to submit an offer. Other reported bidders include TDR Capital, the owner of Asda, although banking insiders said there had been a small number of proposals than expected. Money latest: Lifetime IS…