April 25, 2018 / 6:15 AM / a month ago

Whitbread to spin off Costa Coffee

LONDON, April 25 (Reuters) - Whitbread plc said it would spin off its Costa Coffee business, leaving it with its Premier Inn hotels operation, with the split expected to be completed within 24 months.

It said Costa Coffee was the clear UK market leader and second largest globally, and had attractive long-term international opportunities.

Reporting by Paul Sandle; editing by Sarah Young

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