Investment in Min Doktor completed
ICA Gruppen, through Apotek Hjärtat, has completed its investment in 42% of the shares in Min Doktor, in accordance with the agreement communicated on 13 September 2018.
The acquisition was contingent upon the fulfilment of customary terms and regulatory approval. All terms have now been met.
ICA Gruppen’s investment in Min Doktor consists of a cash capital contribution of SEK 335 million plus ICA Gruppen’s other contributions, including the Minutkliniken business, which is valued at SEK 225 million. Minutkliniken is now part of Min Doktor. Min Doktor is currently planning for a rapid expansion of the number of clinics, which will primarily be located adjacent to ICA stores. The capital contribution will cover the operation’s capital need in the coming years.
ICA Gruppen’s share in Min Doktor’s earnings will be reported as an associated company of Apotek Hjärtat.
Handelsbanken Capital Markets and Lindahls Advokatbyrå served as advisers to ICA Gruppen and Apotek Hjärtat.
For more information:
ICA Gruppen press service, Telephone number: +46 10 422 52 52
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 Hemtex. For more information see icagruppen.se