Coke brews an instant coffee rivalry with $5.1 billion Costa buy

NEW DELHI:Beverage giant Coca-Cola’s global $5.1-billion buyout of Whitbread Plc-owned UK café chain Costa Coffee has set the world’s biggest soda maker in direct competition with coffee giants such as Starbucks and Nestle, as it looks to hedge its risks in a sluggish soft drinks market and broaden its portfolio beyond sugary drinks.