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Ocado plans to raise £1bn as online deliveries boom in the UK

Ocado plans to raise £1bn as online deliveries boom in the UK

Ocado plans to raise more than £1bn from investors as the grocery delivery company looks to cash in on the boom in online deliveries sparked by the pandemic. The group said on Wednesday it would raise about 657 million pounds through an equity placing and retail offer and about 350 million pounds through the issue of guaranteed senior unsecured convertible bonds due 2027.

Sandra
Sandra
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