ICA sells Alta Storsenter to Amfi Eiendom AS
ICA sells Alta Storsenter to Amfi Eiendom AS
Solna 26 April, 2007
ICA Eiendom Norge AS has sold Alta Storsenter (Komsa Eiendom AS) to Amfi Eiendom AS. The underlying real estate value amounts to NOK 273 million.
The agreement has been signed today and the buyer takes over the property on May 2, 2007. The sale will result in a capital gain for the ICA Group of approximately NOK 65 million, which will be accounted for during the second quarter of 2007.
"The sale of this property is in accordance with our strategy not to own shopping centers or residential buildings", says Rolf Hansteen, Managing Director of ICA Eiendom AS.
Olav Thon Gruppen, listed on the Oslo stock exchange, is the main owner of Amfi Eiendom AS.
For further information, please contact: ICA press hotline, phone +46 70 253 66 60
----------------------------------------------------------------------------------------------------- About ICA The ICA Group (ICA AB) is one of the Nordic regions leading retail companies, with around 2,300 of its own and retailer-owned stores in Sweden, Norway and in the Baltic States. The Group includes the sales companies ICA Sverige, ICA Norge, Rimi Baltic and Etos. ICA also offers financial services to Swedish customers through ICA Banken. ICA AB is a joint venture 40% owned by Hakon Invest AB and 60% by Royal Ahold N.V. of the Netherlands. According to a shareholder agreement, Royal Ahold and Hakon Invest jointly share controlling influence over ICA AB. Through Royal Ahold, ICA AB is part of an international retail network. For more information, please visit http://www.ica.se