Coca-Cola Scrambles to Rescue Costa Coffee TDR Sale

Coca-Cola Trying To Rescue Costa Deal After Failing To Agree Price With Owner Of Asda

Coca-Cola’s proposed sale of its Costa Coffee unit is reportedly at risk of collapsing, with the soft drinks giant holding last-ditch talks with TDR Capital in an effort to salvage the deal. According to the Financial Times, the private equity (more…) The post Coca-Cola Trying To Rescue Costa Deal After Failing To Agree Price With Owner Of Asda appeared first on KamCity.

Coca-Cola scrambles to rescue Costa Coffee TDR sale

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 st…