Ocado Directors Meet Potential Investors

The HeraldJuly 19, 2010

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Summary


DIRECTORS of Ocado will continue their bid to win support for controversial plans to float the online grocery operation on the stock market at a meeting with potential investors in Amsterdam today.

Meetings with UK institutions are scheduled for tomorrow, the day before the company is expected to reveal details of the pricing of the flotation. Ocado has said shares will be priced at between 200p and 275p each, giving a mid-point valuation of pound(s)1.18bn.

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Ocado Directors Meet Potential Investors

Last week Shore Capital analyst, Cl...

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