Ocado reveals details of institutional investors |
Michelle Perrett, thegrocer.co.uk 29 July 2010 In: Retailers, Industry news
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Investment group Fidelity has taken a 13.17% stake in Ocado, filings with the London Stock Exchange show.
News of the online retailer’s latest investors was revealed today in an announcement to the stock market.
London & Amsterdam Trust Company was revealed to have taken a 9.4% stake, with Nomad Investment Partnership – which owns a stake in ASOS – snapping up almost 7.5% of the issued stock.
Generation Investment Management, the sustainable investment company set up by former US presidential candidate Al Gore, upped its stake to 6.3%.
Ocado last week floated at 180p a share, valuing the company at £937m. It decided to drop the price from the mooted range of 200p to 275p in a bid to lure blue-chip investors.
Read more
Ocado’s getaway nets a £200m prize (24 July 2010)
Ocado share price tumbles on debut (21 July 2010)