KKR in talks for takeover of Coca-Cola's Costa Coffee unit - report

Published 2 weeks ago Positive
KKR in talks for takeover of Coca-Cola's Costa Coffee unit - report
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* American investment giant KKR (NYSE:KKR [https://seekingalpha.com/symbol/KKR]) has made a surprise move to buy Costa Coffee, one of Britain's biggest high street hospitality groups, _Sky News_ reported on Monday.
* According to the report, KKR is among a few parties in talks with The Coca-Cola Company (NYSE:KO [https://seekingalpha.com/symbol/KO]) and its advisers at Lazard, the investment bank, about a deal.
* KKR's involvement in the process is unexpected because it had appeared to drop its interest in a potential bid in late August, soon after news of the auction was reported [https://news.sky.com/story/kkr-makes-surprise-move-to-brew-up-costa-coffee-bid-13458740]by Sky News.

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