Shares in online grocer Ocado have increased by 47% to 814p after it struck a deal with US retailer Kroger. Ocado’s technology will be used in the US exclusively by Kroger, which is one of the world’s biggest grocery chains with annual sales of $122bn (£90bn).
Under the terms of the deal, Kroger will also take a 5% stake in Ocado.
The agreement is the latest in a series of deals that Ocado has struck with retailers to share its technology that automates online grocery orders.
If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us. Call 0161 624 6811 (Option 4) to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email firstname.lastname@example.org or email@example.com
Latest posts by Shalish Mehta (see all)
- Former Liverpool FC Captain, Steven Gerrard wins legal battle against sportswear firms - 23rd January 2020
- Diego Maradona wins £59k Dolce and Gabbana court settlement - 13th January 2020
- Volkswagen seeks damages in legal dispute - 13th January 2020
- Dealing with abuse - 5th December 2019
- Councils Appeal High Court Ruling On Traveller Ban - 5th December 2019