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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Ocado shares soar as it signs deal with South Korean retailer

A robotic picking machine at the Ocado warehouse in Erith, London
A robotic picking machine at the Ocado warehouse in Erith, London. Photograph: Paul Childs/Reuters

The online grocer Ocado has struck a deal to build robotic warehouses for a South Korean retailer, sending its share price rocketing.

Under the deal with Lotte Shopping, Ocado will also provide technology for online grocery orders from Lotte’s stores. Financial details of the partnership were not disclosed.

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