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BENGALURU: US soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on Sunday.
Coca-Cola did not immediately respond to a request for a comment outside regular business hours. Costa, and Lazard did not immediately respond to requests for comment.
The company has held initial talks with a small number of potential bidders for Costa, including private equity firms, Sky News first reported, citing unidentified sources.
Indicative offers are expected in early autumn, but a sale is not definitive, Sky reported.