Soft-drink giant Coca-Cola working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on Sunday.

Coca-Cola did not immediately respond to a request for a comment outside regular business hours. Costa, and Lazard did not immediately respond to requests for comment.

The company has held initial talks with a small number of potential bidders for Costa, including private-equity firms, Sky News first reported, citing unidentified sources.

U.K.-based Costa Coffee operates in more than 50 countries. REUTERS

Indicative offers are expected in early autumn, but a sale is not definitive, Sky reported.

Coca Cola acquired Costa Coffee in 2018 for over $5 billion to strengthen its position in the

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