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  3. Ocado Share Price
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  5. PRESS: Ocado CEO Steiner Could Have To Sell Shares In Divorce Battle

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Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 373.80
Bid: 372.50
Ask: 373.00
Change: 21.70 (6.16%)
Spread: 0.50 (0.134%)
Open: 345.50
High: 375.00
Low: 343.30
Prev. Close: 352.10
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PRESS: Ocado CEO Steiner Could Have To Sell Shares In Divorce Battle

Mon, 21st Mar 2016 10:40

LONDON (Alliance News) - Ocado Group PLC Founder and Chief Executive Tim Steiner might be forced to sell part of his multimillion-pound stake in the online grocery delivery company amid a bitter divorce battle, according to a report by the Times.

The Times reported on Monday that Steiner is facing a legal fight with his wife after he moved in with a Polish model who is almost 20 years his junior.

Court documents reveal that Steiner is seeking a divorce on the ground of his wife's "unreasonable behaviour", the Times said, adding that a court battle and expensive settlement could force a sale of part of his 5% stake in Ocado.

http://www.thetimes.co.uk/tto/news/uk/article4717914.ece?acs_cjd=true

According to Morningstar, Steiner is Ocado's fourth largest shareholder with a 4.6% stake.

Shares in Ocado were trading down 2.3% at 290.59 pence on Monday morning, one of the biggest fallers on the FTSE 250.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

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