ICA sells all shares in Hemtex to Kid
ICA Gruppen today sold all if its shares in Hemtex to the Norwegian home textiles chain Kid ASA. The purchase price is SEK 226 million on a debt free basis, which after transaction costs entails a capital loss of approximately SEK 400 million, which will be recognised during the second quarter of 2019. The capital loss will be reported as an item affecting comparability, and the transaction is closed on 14 May. In connection with this, Tony Holmberg is leaving the ICA Gruppen Management Team and will become a member of ICA Sweden’s management team.Hakon Invest became a part owner of Hemtex
