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Whitbread shareholders give green light to Costa takeover by Coca-Cola

Whitbread

LONDON, UK – Whitbread shareholders have given their green light to the sale of the Costa Coffee chain to Coca-Cola at a general meeting held in London.

About 99.3% of votes were cast in favor of the disposal at the meeting held on Wednesday.

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The leisure giant said earlier this year that it would split Costa and list it as a separate entity, following pressure from activist investor Elliott.

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