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Costa buys Coffeeheaven
The boards of directors of Costa and Coffeeheaven announce that they have reached agreement on the terms of a recommended cash offer for the entire existing issued and to be issued share capital of Coffeeheaven, to be made by Costa, a wholly-owned subsidiary of Whitbread.
The proposed acquisition of Coffeeheaven provides an attractive route to bring scale and an established central and eastern European platform for Costa’s continued in– ternational expansion.
The Coffeeheaven group operates 90 coffee shops in central and eastern Europe, comprising 62 shops in Poland, 14 shops in the Czech Republic and 14 shops across Bulgaria, Hungary and Latvia.
Coffeeheaven will be managed as a subsidiary of Costa, the second-largest premium international coffee shop brand, with stores in the UK and 25 countries outside the UK.
Source: Costa
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