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Shares in Ocado surge after company announces deal with French supermarket Groupe Casino




Shares in Ocado surged by more than 20 per cent on Tuesday after the online supermarket announced that it had struck a deal to cooperate with French retailer Groupe Casino.

Ocado said that it had sealed a deal with Casino for the latter to use its e-commerce platform to help bolster its online business. As part of the deal, Casino will build a fulfilment centre using Ocado’s mechanical handling equipment. The plant will serve the greater Paris area, the Normandie and Hauts de France Regions.

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