Ocado Group’s £657 Million Shares Offering


Davis Polk advised Ocado Group plc on the offering.

Ocado Group plc completed its placing of 33,163,265 new ordinary shares with existing and new institutional investors, which raised gross proceeds of £657 million.

Ocado Group plc is a leading online grocery platform and solutions provider. Ocado Group is the only end-to-end solution provider for online grocery fulfilment globally, with proprietary and proven technology that has been developed and successfully operated in the United Kingdom over the last 20 years. The Group’s technology provides a flexible platform, able to serve all missions, with a market leading customer offer and compelling economics.

The Davis Polk corporate team advising Ocado Group included partner Reuven B. Young (Picture) and associate Christopher Diel.

Involved fees earner: Christopher Diel – Davis Polk & Wardwell; Reuven Young – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Ocado Group plc ;