Axfood becomes new partner in Mathem as Mat.se and Mathem merge
Axfood and Mathem are entering into a strategic partnership, with Axfood divesting Mat.se in exchange for shares in Mathem, a strong pure-play online retailer with home delivery. At the same time, Mathem is entering into a long-term delivery partnership with Axfood’s purchasing and logistics company Dagab. The purchase consideration for Mat.se amounts to SEK 688 m on a cash and debt-free basis, and payment will take place through newly issued shares in Mathem corresponding to a shareholding of 16.5%.As part of this strategic partnership, Axfood AB (“Axfood”) has entered into an agreement to