Axfood transfers minority stake in Eurocash to Norgesgruppen as per agreement
The European Commission has approved Norgesgruppen’s acquisition of 49% of Eurocash Food AB, clearing the way for Axfood to sell a minority stake in the cross-border shopping company to Norgesgruppen.In connection with the acquisition of the cross-border shopping company Eurocash in January this year, Axfood agreed to sell 49% of the shares in Eurocash to Norgesgruppen. Norgesgruppen’s purchase was contingent upon approval of the sale by the European Commission. With the Commission’s approval, Axfood is now selling the minority stake to Norgesgruppen. “It is gratifying that we can now