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Ocado launches £500 million bond issue to fund robotic warehouse deals

A man walks from the main reception of the Ocado CFC (Customer Fulfilment Centre) in Andover
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LONDON (Reuters) - British online grocer and technology company Ocado has launched a 500 million pound bond issue, partly to fund its construction of robotic warehouses for overseas partners, it said on Monday.While Ocado's retail business has only a 1.4% share of Britain's grocery market, its state-of-the-art technology has enabled it to win partnership deals with supermarket groups around the..
Date Published: Dec 02, 2019
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