A top street coffee chain is brewing up a new chapter as a major soda company prepares to let it go.

According to Sky News, Coca-Cola is working with bankers to hold exploratory talks about a sale of Costa, Britain’s biggest high street coffee chain.

Preliminary discussions have reportedly taken place with a select group of potential bidders, including private equity firms, according to Sky News sources on Saturday.

Coca-Cola has hired investment bank Lazard to explore business options and assess interest from potential buyers. Preliminary offers are expected early autumn, though Coca-Cola may still decide against a sale.

Costa operates over 2,000 stores across the UK and more than 3,000 worldwide, according to the most recent figures.

Coca-Cola is reported to have a global workforce

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