ATLANTA & DUNSTABLE, England-- ( BUSINESS WIRE )--The Coca-Cola Company today announced that it has completed the acquisition of Costa Limited from Whitbread PLC. The $4.9 billion transaction 09-24-2012. ATLANTA - The Coca‑Cola Company (NYSE: KO) today announced it has completed the transaction to acquire approximately half of the equity in Aujan Industries beverage business, one of the largest independent beverage companies in the Middle East. The transaction was initially announced in December 2011. Specifically, in 2021, Coca-Cola's sales increased by 17.1%, followed by an 11.2% increase in 2022, reaching $43 billion. Although the consensus expects sales growth to moderate in 2023 to a still Coca-Cola is getting a $5 billion shot of caffeine. The company has agreed to buy coffee chain Costa Coffee from UK drinks and hotels group Whitbread for £3.9 billion ($5.1 billion). Costa has Coca-Cola HBC, the CPG arm of US beverage giant Coca-Cola, said the acquisition would contribute to its vision of being the ‘leading 24/7 beverage partner’ across its markets. ‘Caffè Vergnano is highly complementary to its existing Costa Coffee proposition and will allow Coca-Cola HBC to address an even wider range of consumer tastes and Founded in London in 1971, Costa Coffee currently operates nearly 2,700 stores in the UK and more than 1,400 outlets across 33 markets globally. The coffee chain, which was acquired by US beverage giant Coca-Cola for $4.9bn in January 2019, expanded its global footprint in 2022 after entering the US, Oman, Morocco, Georgia and Pakistan. This acquisition comes during a relatively aggressive growth period for Coca-Cola. In recent years, Coca-Cola has acquired and invested in multiple companies, such as Costa Coffee, to diversify its portfolio. Coca-Cola has been on the hunt for companies they describe as “explorers,” which are brands that are “emerging, disrupting and The Coca-Cola Company today announced that it has completed the acquisition of Costa Limited from Whitbread PLC. The $4.9 billion transaction follows approval from regulatory authorities in the Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn. Whitbread had intended to spin off the chain as a separate firm, but said a straight sale was more profitable. Advertisement · Scroll to continue. "We are still on track to complete the acquisition (of Chi Ltd) by the end of the first quarter of 2019," Peter Njonjo, president of Coca-Cola's west Africa TUD71i4.