Jan 14 (Reuters) – 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 U.S. 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.
(Reporting by Bipasha Dey in Bengaluru)
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