March 26 (Reuters) - Coles Group Ltd COL.AX :
* ENTERS EXCLUSIVE PARTNERSHIP WITH OCADO
* EACH CFC HAS AN ESTIMATED SALES CAPACITY OF BETWEEN APPROXIMATELY $500M AND $750M PER ANNUM
* UNDER SERVICE AGREEMENT COLES WILL GAIN ACCESS TO OCADO'S OCADO SMART PLATFORM (OSP) TECHNOLOGY
* CAPITAL EXPENDITURE INCLUSIVE OF UPFRONT OCADO FEES IS EXPECTED TO BE $130M TO $150M OVER FOUR YEAR DEVELOPMENT AND CONSTRUCTION PERIOD
* INITIATIVE IS EXPECTED TO APPROXIMATELY DOUBLE COLES' CURRENT AUSTRALIA-WIDE HOME DELIVERY CAPACITY
* INITIATIVE EXPECTED TO LEAD TO AN IMPROVED PROFIT MARGIN FOR COLES ONLINE
* TWO AUTOMATED CUSTOMER FULFILLMENT CENTRES ARE EXPECTED TO BE OPERATIONAL BY FY23