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Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:

Coca-cola bets on coffee with $5.1 billion deal for CostaND

Michael J. de la Merced, The New York Times, Friday August 31 2018

Coca-cola announced Friday that it planned to buy Costa, one of the world’s largest coffee chains for $5.1 billion US cash. The deal is Coke’s biggest ever acquisition of a brand, and will make it the third-largest player in the coffee shop industry, well behind Starbucks and just behind McDonalds. The deal is part of a larger war from big companies getting into the coffee business in an attempt to capture the fast-rising coffee consumption habits around the world. Coke’s sales have been falling for five years, as consumers move away from the sugary drinks that long underpinned its business empire.

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