Whitbread gets EU clearance for Costa sale

Dec 21 () - British restaurant and hotel owner Whitbread Plc said on Friday it has received clearance from the European Union for sale of the Costa coffee chain to Coca-Cola Co.

Whitbread said it now expects the deal to close in January next year and will implement a new 500 million pound $631.35 million share buyback programme after the deal close (graphic).

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