Coca-Cola Ends Plan to Sell Costa Coffee, The FT Says, Citing Sources

--Coca-Cola no longer plans to sell Costa Coffee after offers from private equity bidders fell short of expectations, a decision that might force the company to write down the value of the business, the FT reports citing unnamed sources.

--Coca-Cola ended talks with the remaining bidders for Costa in December, the FT says. The paper had previously reported that Coca-Cola was seeking about 2 billion pounds ($2.68 billion) for Costa.

--Coke declined to comment to the FT.

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(END) Dow Jones Newswires

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