Marks & Spencer and Ocado announced the creation of a joint venture in the field of food trade

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Two British companies - Marks & Spencer, a chain of department stores, and Ocado, the online supermarket, - create a joint venture in the field of food trade. The companies published a joint announcement announcing that they would own 50% shares in the joint venture. To buy 50% of the British Ocado retail business worth 750 million pounds, Marks & Spencer plans to place shares worth 600 million pounds among its shareholders. A joint venture that starts operating on the Ocado.com platform tentatively by September 2020 will be able to offer its customers unprecedented online shopping opportunities.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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