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Coca-Cola scraps Costa Coffee sale, FT reports
- The US beverage giant ended talks with remaining bidders in December
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Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms came in below expectations, the Financial Times reported on Wednesday.
The US beverage giant ended talks with remaining bidders in December, halting a months-long auction process, the report said, citing two people familiar with the matter.
Reuters could not immediately verify the report.
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