Sale of ICA Eiendom Norge completed

ICA Real Estate’s sale of ICA Eiendom Norge AS has now been completed in accordance with the agreement with UNION Real Estate Fund II, which was announced on 2 December 2016. The purchase price was SEK 1.9 billion, generating a capital gain of approximately SEK 400 million.

The sale of the company ICA Eiendom includes a portfolio of 58 properties as well as the existing organisation. A total of 73 properties in Norway have been sold for SEK 2.8 billion since ICA Gruppen left the Norwegian grocery retail market in 2015.

For more information
ICA Gruppen press service, Telephone number: +46 10 422 52 52

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes Hemtex. For more information see icagruppen.se

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About ICA GruppenICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes the wholly owned portfolio company inkClub and the partly owned portfolio company Hemtex. For more information see icagruppen.se

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