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What Whitbread’s Planned Sale of Costa Coffee to Coca-Cola Means

From www.marketwatch.com

U.K. leisure group Whitbread is set to sell Costa Coffee chain to U.S. soft-drinks maker Coca-Cola for roughly £4bn (or $5.2 billion).

With 4,000 stores in 32 countries, Costa is the second-largest coffee shop in the world after Starbucks.The deal allows Coca-Cola Inc. KO, +1.88%  to diversify away from fizzy and sugary drinks and expand into healthier offerings. Costa is aiming to triple its store presence in China.

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