Ocado & M&S announce new joint venture

Date : 27 February 2019
M&S will acquire a 50% share in Ocado's UK retail business for £750m. Ocado's commercial agreement with Waitrose will come to an end in 2020. Details of the deal M&S will pay up to £750m for its stake: £562.5m on completion and up to £187.5m plus interest after five years This will be…
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