Ocado aims to raise £575m from investors to fund tech arm expansion

Firm wants to ‘invest in innovation at faster pace’ and help clients as online grocery market grows

Ocado is aiming to raise £575m from investors to fund the expansion of its technology arm, which enables overseas retailers to sell groceries online.

It has also agreed a new £300m credit facility with a syndicate of international banks.

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from World news | The Guardian https://ift.tt/1eFztLj