December 21, 2018 / 6:30 PM / in a month

Whitbread gets EU clearance for Costa sale

Cappuccinos sit on a table in Costa Coffee in Loughborough, Britain April 25, 2018. REUTERS/Darren Staples

(Reuters) - British restaurant and hotel owner Whitbread Plc (WTB.L) said on Friday it has received clearance from the European Union for sale of the Costa coffee chain to Coca-Cola Co (KO.N).

Whitbread said it now expects the deal to close in January next year and will implement a new 500 million pound share buyback programme after the deal close. (reut.rs/2BzA3A1)

Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta

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