Axfood acquires City Gross
Axfood acquires the store chain City Gross, in which Axfood already possess joint control through its minority shareholding. The acquisition creates conditions to strengthen City Gross’ competitiveness and for growth in the hypermarket segment, which will challenge the market leaders and increase competition in this segment. The consideration amounts to SEK 2 billion.Axfood AB (“Axfood”) has reached an agreement with Bergendahl Food Holding (“Bergendahls”) to acquire shares corresponding to 90.1 percent of City Gross Sverige AB (“City Gross”), which entails that Axfood increases its