Coca-Cola is reportedly engaging in last-minute negotiations with private equity firm TDR Capital amid concerns that its planned sale of Costa Coffee may fall through. The Financial Times cited sources familiar with the matter, indicating that the deal’s future hinges on discussions taking place over the weekend.
The proposed sale, which has been under scrutiny, aims to accelerate Coca-Cola’s expansion in the coffee and premium beverage segments. However, the process has experienced delays and uncertainties, prompting Coca-Cola to seek a resolution with interested parties. TDR Capital, a private equity firm, has been identified as a key potential buyer in the transaction.
Sources close to the matter suggest that both sides are working to address remaining issues that could prevent the completion of the deal. A successful sale would mark a significant move for Coca-Cola to strengthen its presence in the coffee market, but the outcome remains uncertain as negotiations continue. The company and TDR Capital have yet to make official comments on the latest developments.