Ocado Signs Partnership Deal With Swedish Grocer ICA
Online grocer and technology company Ocado has signed a partnership deal with Sweden's ICA Group to develop its online grocery business.
ICA is Sweden's market leader, with around 1,300 stores and a share of around 36%.
Ocado said that it expected the deal to create significant long-term value to its business, and that the impact of the transaction should be earnings neutral in the current financial year.
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