UK online retailer Ocado has announced its intention to seek a listing on the London Stock Market.
Mark Price, managing director of Waitrose, which has a ten-year supply deal with Ocado said: “For many years Waitrose and Ocado have a very strong, mutually beneficial commercial relationship based on a shared passion for high quality food, outstanding customer service and great value. We reinforced that relationship in May through signing a new ten year branding and sourcing agreement and we look forward to developing the relationship further in the coming years.”
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A spokesman for the board of trustees of the John Lewis Partnership Pension Fund added: “The pension fund welcomes today’s announcement that Ocado is to seek a listing on the London Stock Market. The pension fund has informed the Ocado board that it will undertake to sell a proportion of its shareholding.”
Earlier this month, Ocado said it would give some of its shoppers the chance to buy shares in the business.
The company invited those who have spent over GBP300 (US$435) from the start of the year to buy shares.
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