Coca-Cola working with bankers to explore sale of Costa Coffee, Sky News reports
1. Coca-Cola is reportedly exploring the sale of coffee chain Costa. 2. Bankers from Lazard are involved in the potential transaction.
FAQ
Why Neutral?
While selling Costa may streamline operations, it could also lessen diversification. Historical sales of assets have mixed impacts, often depending on market conditions.
How important is it?
The sale process may influence investor sentiment about Coke's strategic direction, though the impact is uncertain.
Why Long Term?
The decision to sell Costa could reshape Coca-Cola's portfolio over time, impacting future earnings. Past asset sales have yielded varying long-term outcomes for similar companies.