ICA Gruppen to redeem preference shares early
ICA Gruppen has decided on early redemption of the preference shares issued in December 2013 in the subsidiary ICA Fastigheter Sverige AB. Redemption will take place at 110% of the subscription price which represents a redemption amount of SEK 3.3 billion.The preference shares were issued in December 2013 as part of the refinancing of the bridge loan raised in conjunction with the acquisition of ICA AB in spring 2013. Against the background of interest rate development over the past year, we now replace the preference shares with a more cost-effective solution. The record date for