Investment Banking

Coca-Cola sticks with Rothschild for $5bn Costa bid

Storied City bank has been fighting to win more business from American clients

Coca-Cola sticks with Rothschild for $5bn Costa bid
Photo: Getty Images

Rothschild, the storied City of London investment bank that has been fighting to win more business from US clients, has landed another multibillion-dollar mandate from the fizzy drinks giant Coca-Cola.

The Coca-Cola Company said on Friday that it had agreed to pay $5.1bn (£3.9bn) to acquire the popular UK coffee chain Costa from its parent company Whitbread.

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