ICA Bank sells credit portfolio

ICA Bank has signed an agreement with Intrum Justitia, which will take over the bank’s past due loan receivables. The transaction will give rise to a positive earnings effect of approximately SEK 180 million for ICA Bank during the fourth quarter of 2015.

The agreement also entails that ICA Bank’s loan receivables that have become past due will be successively taken over by Intrum Justitia.

For more information

ICA Gruppen press service, Telephone number: +46 10 422 52 52

ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 CET on Thursday, 17 December 2015.

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes the portfolio companies inkClub and Hemtex. For more information see icagruppen.se