Ocado shares rise amid Kroger merger talks
Supermarket giant Kroger is Ocado’s biggest warehouse technology client, after Ocado struck a deal with the group to build 20 automated warehouses in the US back in 2018
Ocado shares have risen over 10% after reports that its largest technology client, Kroger, was in talks with US supermarket operator Albertsons over a potential merger, which could see Ocado expand its presence in the US.