Luckin Coffee backer Centurium Capital wins bid for Blue Bottle, sources say

Centurium Capital, the controlling shareholder of Luckin Coffee, has won the bid to acquire Blue Bottle Coffee.

The deal is expected to be completed with Nestlé.

The transaction has been signed but has not yet closed.

Sources familiar with the matter confirmed the acquisition.

Centurium's move highlights its expanding portfolio in the coffee sector.