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Coka Cola just bid for Costa coffee in the UK $7b AUD

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Proposed sale of Costa for £3.9 billion to The Coca-Cola Company

Whitbread PLC ("Whitbread" or the "Group") is pleased to announce that it has entered into an agreement for the sale of Costa Limited ("Costa"), one of the world's leading coffee brands, to The Coca-Cola Company ("Coca-Cola"), for an enterprise value of £3.9 billion (the "Transaction").

Transaction highlights
·   Sale of Costa for an enterprise value of £3.9 billion, representing a multiple of 16.4x Costa FY18 EBITDA