Marks & Spencer completes Ocado capital raise

By Sam Kerr
13 Jun 2019

Marks & Spencer has completed its £601m equity capital raising to fund a transformational join-venture with Ocado, following a rights issue and rump share placement

Morgan Stanley was the sole global co-ordinator for the company’s strategic equity raise. BNP ParibasHSBC and Shore Capital were bookrunners.

The company announced early on Thursday that it had secured investor take-up of just over 85% for its 1-for-5 rights issue and that the banks would endeavour ...

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