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Ocado launches $642 million bond issue to fund robotic warehouse deals

Published 7y ago

LONDON (Reuters) – British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners, it said on Monday. While Ocado’s ... More »

Ocado sows $22 million ‘vertical farming’ seed to diversify

Published 7y ago

LONDON (Reuters) – Britain’s Ocado is plowing 17 million pounds ($22 million) into the emerging “vertical farming” industry, further diversifying the online grocer and technology group’s business. Vertical farming involves producing food indoors, with crops gr... More »

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