Luckin Coffee's shareholder Dazheng Capital is reportedly considering a bid for Costa Coffee.

According to informed sources, Ruixing Coffee's shareholder Dazheng Capital is considering bidding for the UK coffee operator Costa Coffee. Informed sources said Dazheng Capital is evaluating whether to make an offer for Costa Coffee, which Coca-Cola is exploring selling. The specific structure of the potential transaction has not yet been determined, and it is unclear whether Dazheng Capital will bid on its own or through Ruixing Coffee. Informed sources said that if Ruixing Coffee or Dazheng Capital make an offer, they will face competition from other private equity firms and strategic investors studying the deal. Some sources said that the potential offer could value Costa Coffee at around 1 billion.