BRIEF-Ocado Says Co And Kroger Have Agreed A One-Off Cash Payment Of $350 Mln To Compensate Ocado

Reuters12-05 15:08

Dec 5 (Reuters) - Ocado Group PLC OCDO.L:

OCADO GROUP PLC - UPDATE ON KROGER PARTNERSHIP
OCADO GROUP PLC - UPDATE ON KROGER PARTNERSHIP
OCADO - CO AND KROGER HAVE AGREED A ONE-OFF CASH PAYMENT OF $350M TO COMPENSATE OCADO
OCADO - CO AND KROGER AGREE ON $350M CASH PAYMENT
OCADO - AIMS TO TURN CASH FLOW POSITIVE DURING FY26
OCADO: CLOSURE OF THREE LIVE SITES WILL REDUCE OCADO'S FEE REVENUE IN FY26 BY C.$50M

Source text: ID:nRSE3582Ka

Further company coverage: OCDO.L

((Reuters.Briefs@thomsonreuters.com;))

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