Axfood completes its public cash offer to the shareholders of Matse Holding

On 15 December 2016 Axfood Aktiebolag (publ) (“Axfood”) announced a cash offer to the shareholders of Matse Holding AB (publ) (“Matse”) to acquire all of the shares in Matse (“the Offer”).

On 25 January 2017 Axfood communicated that the Offer had been accepted to such extent that Axfood, after executing the Offer, together with shares that Axfood acquired outside of the Offer, will hold approximately 98.8% of the shares in Matse. At the same time, Axfood declared that the Offer will be executed.

On 30 January 2017 Axfood reported on the payment to the shareholders that accepted the Offer. Axfood has hereby completed the Offer.

As previously communicated, Axfood intends to initiate compulsory redemption proceedings in accordance with the Swedish Companies Act for the purpose of acquiring the remaining shares in Matse and to promote a delisting of Matse’s shares from Nasdaq First North.

For previous information about the Offer, see: http://investor.axfood.se/?p=disclaimer&s=201612EN&lang=en

Additional information
For press enquiries, please contact: Cecilia Ketels, Head of Investor Relations, +46 72 23 606 43.
This press release was submitted for publication at 07.30 CET on 31 January 2017.

At Axfood we work with passion for food and people. Our strength is in developing and driving successful grocery formats in the Swedish market with responsibility for the environment and sustainable development. Axfood includes the Willys and Hemköp chains as well as the Tempo, Handlar’n and Direkten formats, which are proprietor-owned and organized within Axfood Närlivs. B2B sales are sold through the Axfood Snabbgross chain, and wholesaling is conducted through Dagab. Axfood is listed on Nasdaq Stockholm, and the principal owner is Axel Johnson AB. Read more at axfood.se.