Norwegian Competition Authority considers to temporarily prohibiting the implementation of the cooperation agreement between ICA and Norgesgruppen
Solna, 30 November 2012
Today, the Norwegian Competition Authority issued a notification in which it was stated that the Norwegian Competition Authority is considering prohibiting the implementation of the cooperation agreement between ICA and Norgesgruppen.
This is just a notification and not a formal decision that right now poses an obstacle to the ongoing implementation.
ICA’s view is, and has been, that our cooperation agreement with Norgesgruppen is in compliance with relevant competition legislation.
ICA has until March 8, 2013, to respond to the notification.
For more information:
ICA’s press office, tel. +46 (0)70 253 66 60
The ICA Group (ICA AB) is one of the Nordic region’s leading retail companies, with around 2,100 of its own and retailer-owned stores in Sweden, Norway and the three Baltic states. The Group includes retail companies ICA Sweden, ICA Norway and Rimi Baltic; ICA Real Estate, which owns and manages properties; and ICA Bank, which offers financial services to Swedish customers. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit www.ica.se