Coca-Cola to buy UK’s Costa Coffee chain from Whitbread for $5.1b

Coca-Cola to buy UK’s Costa Coffee chain from Whitbread for $5.1b

Steam surrounds a disposable coffee cup as it is filled at a machine in a Costa Coffee shop, operated by Whitbread Plc, in London, U.K., on Wednesday, May 2, 2018. Photographer: Chris Ratcliffe/Bloomberg

Coca-Cola Co. agreed to buy the UK chain Costa Coffee for 3.9 billion pounds ($5.1 billion) to gain a global brand to expand in hot drinks.

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