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BRIEF-Whitbread says Costa acquired 49% of South China joint venture from Yueda
October 10, 2017 / 6:14 AM / 2 months ago

BRIEF-Whitbread says Costa acquired 49% of South China joint venture from Yueda

Oct 10 (Reuters) - WHITBREAD PLC:

* ‍ANNOUNCES THAT COSTA HAS ACQUIRED 49% OF ITS SOUTH CHINA JOINT VENTURE FROM ITS JV PARTNER, YUEDA, FOR RMB 310 MILLION (£35 MILL​

* ‍SOUTH CHINA BUSINESS WILL CONTINUE TO BE CONSOLIDATED IN COSTA AND WHITBREAD FINANCIAL ACCOUNTS​

* ‍EXISTING JOINT VENTURE IN NORTH OF CHINA, WHICH IS A 50/50 JV WITH BHG IS UNAFFECTED BY THIS TRANSACTION​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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