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BLOOMBERG
Ocado Group Plc shares jumped as much as 47% in London, the most in more than five years, following a Times report on “speculation of bid interest†from technology firms such as Amazon.com Inc in the British online grocer.
The report, which did not specify the source of the information, said Amazon and several other tech “heavyweights†were considering the merits of a bid worth 800 pence per share for the company. Ocado’s shares rose to as high as 631 pence, before paring some of the advance.
Ocado and Amazon UK declined to comment when contacted by Bloomberg News. Shares in European delivery firms such as HelloFresh SE, Delivery Hero SE and Just Eat Takeaway.com NV also gained.