REG - Whitbread PLC - Sale of Costa - China clearance

WhitbreadAnnouncement

29/11/2018 12:35

RNS Number : 9344I
Whitbread PLC
29 November 2018
 


 
 
Sale of Costa to Coca-Cola receives approval from China regulator
Whitbread PLC is pleased to announce that clearance has been received from China's State Administration for Market Regulation for The Coca-Cola Company to acquire Costa Limited, including its operations in China.
Clearance is still required from the European Union under the EC Merger Regulation before the transaction can complete and certain completion deliverables remain outstanding including an agreement still to be reached with the Trustees of the pension fund.
This announcement contains inside information.
 
For more information please contact:
Investor queries
Matt Johnson, Whitbread PLC | matt.johnson@whitbread.com | +44 (0) 7848 146 761
Ann Hyams, Whitbread PLC | ann.hyams@whitbread.com | +44 (0) 7796 709 087
 
Media queries
Anna Glover, Whitbread PLC | +44 (0) 7768 917 651
David Allchurch / Jessica Reid, Tulchan Communications | +44 (0) 20 7353 4200
 
For photographs and video please visit Whitbread's media library at www.whitbread.co.uk/media.
 
Goldman Sachs International ("Goldman Sachs") and Morgan Stanley & Co. International plc ("Morgan Stanley") are acting as joint financial advisers and joint sponsors to Whitbread. Deutsche Bank AG, acting through its London branch ("Deutsche Bank") is acting as financial adviser to Whitbread. Morgan Stanley and Deutsche Bank are acting as corporate brokers to Whitbread. Slaughter and May is acting as legal adviser to Whitbread.
 
 




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