Ocado's share price jumps 20% after it bags a deal with French supermarket giant Groupe Casino



Shares in Ocado soared by over 20 per cent today after the group announced a partnership deal with French supermarket chain Groupe Casino.
Under the deal, Ocado will supply its technology to the French group, license the use of its online shopping interface and delivery management software, and help build an automated warehouse near Paris.
Ocado said it expects the deal to create 'significant long term value to the business', adding that other international tie-ups could well be on the cards.
The UK-based online grocer's share price is up 20.04 per cent to 307.55p on Tuesday morning.
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28 November 2017 in Business, Views: 53
Source: Daily Mail
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