Whitbread scheme secures £380m from Costa sale

James Phillips
clock • 1 min read

The Whitbread Group Pension Fund has been handed a one-off contribution of £380m following Whitbread's sale of Costa to The Coca-Cola Company.

The cash injection will "significantly de-risk" the defined benefit (DB) scheme's investments, the company said, and will replace previously agreed deficit recovery contributions (DRCs) totalling £...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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