The Swedish Financial Supervisory Authority (the "SFSA") has due to Hakon
Invest's planned acquisition of the remaining shares in ICA performed an
ownership assessment relating to Hakon Invest's ownership in ICA Banken. The
SFSA's ownership assessment did not result in any remarks which mean that the
pending change in ownership of ICA is approved.
The SFSA's approval of the ownership changes in ICA Banken was one condition in
Hakon Invest's agreement with Ahold on the acquisition of the remaining 60
percent of the shares in ICA. Hakon Invest has previously received approval from
the competition authorities in Sweden and Norway regarding the acquisition. The
Association of ICA Retailers' members' meeting has also approved the Association
of ICA Retailers' participation in the planned new issue in Hakon Invest.
Since the SFSA's ownership assessment relating to ICA Banken has been completed,
all the conditions in Hakon Invest's agreement with Ahold on the acquisition of
the remaining shares in ICA have been met. This means that Hakon Invest will
complete the acquisition of ICA and that ICA will thereby become a wholly owned
subsidiary in the Hakon Invest Group. The acquisition is expected to be
completed on March 27, 2013.
For further information, please contact
General Counsel
Fredrik Hägglund
tel. +46 8 55 33 99 08
Head of Investor Relations
Pernilla Grennfelt
tel. +46 8 55 33 99 55
The information herein is such that Hakon Invest AB must disclose pursuant to
the Swedish Securities Market Act and/or the Swedish Financial Instruments
Trading Act. The information was submitted for publication at 08.00 (CET) on
Thursday, March 21, 2013.
Hakon Invest, which is listed on Nasdaq OMX Stockholm, conducts active and long-
term investment operations in retail-oriented companies in the Nordic and Baltic
region. Hakon Invest today owns 40% of ICA AB, the Nordic region's leading
retail company with a focus on food. The portfolio also includes shares in Forma
Publishing Group, Kjell & Company, Cervera, inkClub and Hemtex. Further
information about Hakon Invest is available at www.hakoninvest.se
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Hakon Invest AB via Thomson Reuters ONE