What happened to Costa Group shares?
Delisting of costa as previously announced, trading in costa shares on the asx was suspended from close of trading on 8 february 2024. Costa also intends to apply for its removal from the official list of asx with effect from close of trading tomorrow, 27 february 2024. The costa group holdings ltd share price today is 3.Accordingly, all costa shares have been transferred to bidco. Scheme consideration costa shareholders (other than the excluded shareholders) have today been paid $3. Costa share held as at 7. Aedt) on 12 february 2024.
Who currently owns Costa?
On 3 January 2019 the Coca-Cola Company purchased Costa Coffee for $4. British coffee chain Costa Coffee recorded a 30. India revenue from operations, reaching Rs 198. FY25. Its profit also rose 28. Rs 149. India franchise partner, Devyani International Ltd (DIL).According to the Coca-Cola company, which acquired Costa Coffee in 2019, its overall group revenue was up, but its coffee segment saw a 3% decrease in the same time frame. Sens Coffee claims this could be down to “heightened competition and cautious consumer spending.Coca-Cola acquired Costa in 2018 in a move designed to reduce Coca-Cola’s reliance on sugary drinks. CEO James Quincey promised the soft drinks giant would become a ‘total beverage company’, building “new capabilities and expertise in coffee”, including café culture and foodservice.Costa Coffee is a British multinational coffeehouse and retail company headquartered in Dunstable, Bedfordshire, and a wholly owned subsidiary of Coca Cola. It is the largest coffeehouse chain in the world behind Starbucks and the largest in Britain.According to the Coca-Cola company, which acquired Costa Coffee in 2019, its overall group revenue was up, but its coffee segment saw a 3% decrease in the same time frame. Sens Coffee claims this could be down to “heightened competition and cautious consumer spending.