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Posted AT 7:51 AM EDT on 22/07/08

SunTrust sells 89-year-old Coke stake

JONATHAN STEMPEL

Reuters

NEW YORK — SunTrust Banks Inc said on Tuesday it plans to bolster capital by unloading a big Coca-Cola Co stake it has held for nearly 90 years, as higher real estate losses led to a 21 per cent drop in quarterly profit. By disposing of its 43.6 million share stake, the large U.S. southeast regional bank will break some ties with the soft drink maker.

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SunTrust sells 89-year-old Coke stake

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