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    Sale of ICA Eiendom Norge completed

    ICA Real Estate’s sale of ICA Eiendom Norge AS has now been completed in accordance with the agreement with UNION Real Estate Fund II, which was announced on 2 December 2016. The purchase price was SEK 1.9 billion, generating a capital gain of approximately SEK 400 million.The sale of the company ICA Eiendom includes a portfolio of 58 properties as well as the existing organisation. A total of 73 properties in Norway have been sold for SEK 2.8 billion since ICA Gruppen left the Norwegian grocery retail market in 2015. For more informationICA Gruppen press service, Telephone number: +46

    Divestment of ICA Norway to Coop Norway completed

    Coop Norway has met the conditions imposed by the Norwegian Competition Authority for approval of the acquisition of ICA’s Norwegian grocery operations and the transaction has now been completed.On 4 March the Norwegian Competition Authority announced its approval of Coop Norway’s acquisition of ICA’s Norwegian grocery operations provided Coop Norway sold 93 stores. This condition has now been met and the deal was completed today, 13 April.The final purchase price was SEK 2.8 billion on a debt-free basis and the assessed capital gain will be approximately SEK 1.2 billion.For more

    Norwegian Competition Authority approves Coop Norway’s acquisition of ICA Norway provided certain conditions are met

    The Norwegian Competition Authority announced today their approval of Coop Norway’s acquisition of ICA Norway, but the acquisition may not be completed until Coop Norway has sold on 93 stores.Coop has entered into agreements with Bunnpris and Norgesgruppen to sell the stores concerned. The Competition Authority requires the sales of these stores to be made before Coop’s acquisition of ICA Norway may be carried out. The deal between ICA Gruppen and Coop Norway is therefore expected to be completed shortly. “It is highly gratifying that the deal with Coop Norway has now been approved by

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