ICA-gruppen


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ICA-gruppen

  • About ICA Gruppen

    About ICA Gruppen

    Focus on food and health

    ICA Gruppen is a leading retail company with 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 business.

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    • Our business
    • Our values
    • Goals and strategy
    • Community engagement
    • Organization
    • Corporate governance

    Our companies

    Our operations are broken down into several company segments. Read more ›

    • Our companies
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  • Sustainability

    Sustainability

    ICA Gruppen wants to be a positive force in society

    As a major player, we have a great responsibility, but also a great opportunity to have a genuine impact. For the past several years we have been working actively and in a structured manner with continuous improvement in all steps of the value chain.

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    • Our starting points
    • Our sustainability work
    • Carbon offsetting
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    • Question and answer

    In focus

    ICA Gruppen’s climate work recognised by the UN in Global Climate Action Awards

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  • Innovation

    Trends and innovation

    Innovative ideas are often created when in need to find a solution to a problem, or when something can be improved. At ICA Gruppen, we have both the will and the ability to improve. ICA Gruppen’s aim is to make a difference, both in our organization, and for a better tomorrow.

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    • Trends and innovation
    • ICAx - our innovationshub

    In focus

    Despite stricter rules to slow the spread – parents do not feel their children are healthier

  • Careers

    Careers

    At ICA, everyone’s ideas can make a difference. Together, we contribute to make every day a little easier and shape a better future for millions of people – every day. Want to join us?

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    Available jobs

    Find available positions within ICA Gruppen ›

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  • Financial

    Financial information

    These pages contain published information about the Group and upcoming reports and presentations will be published here.

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    • Press releases
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    Reports and presentations

    Here you can find ICA Gruppen’s financial reports and presentations. Read more ›

    • Bond programme
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    • Credit analysts
  • Media

    Media

    Welcome to ICA Gruppen's media room. Here you can find our press releases and news. You will also find, images and movies, our channels in social media, information about upcoming events and contact information to ICA's press service.

    Press service
    46+ (0) 10 422 52 52     press@ica.se

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    Latest release

    Fredrik Lagercrantz new CFO of ICA Gruppen

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  • Other pages
    • ICA Sweden
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    • Apotek Hjärtat
    • ICA Bank
    • ICA Insurance
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Press releases
2020
22 December
12:50 PM
  • Release

ICA Bank signs agreement to acquire Forex’s customer portfolios for deposits and lending

ICA Bank has signed an agreement to acquire Forex’s customer portfolios for deposits and consumer loans with a combined business volume of approximately SEK 15 billion as per 30 November 2020, and approximately 235,000 customers. The agreement does not cover personnel, IT agreements or other assets or liabilities.

Through the acquisition ICA Bank will gain even greater resources to develop its offering. The transaction will grow ICA Bank’s business volume by approximately 35 percent after completion.

“We are very satisfied with this deal. It is a way for ICA Bank to create synergies with its existing operations and achieve economies of scale in development of its own platform,” says Per Strömberg, CEO of ICA Gruppen.

“This is an important milestone in ICA Bank’s growth journey. This acquisition gives us an opportunity to accelerate growth of our business and strengthen our customer offering. We are also looking forward to welcoming new customers and introducing them to all of the benefits that go along with being part of ICA,” says Marie Halling, CEO of ICA Bank.

ICA Bank will work together with Forex to ensure a smooth transition for customers, who will receive detailed information about what ICA Bank and all of ICA Gruppen can offer in addition to their existing products.

The deal is expected to close during the second quarter of 2021. In connection with this, ICA Bank – in accordance with applicable accounting rules – will make a provision for expected credit losses, entailing a one-off accounting effect of approximately SEK 80 million. The credit loss provision will affect ICA Bank’s and ICA Gruppen’s operating profit excluding items affecting comparability during the quarter. In addition, initial integration costs in 2021 are estimated to amount to approximately SEK 40 million.

Excluding these one-off effects, it is estimated that the acquired portfolio will result in a positive EBIT effect of approximately SEK 100 million in 2021. To meet regulatory capital requirements, ICA Gruppen will make a capital contribution of approximately SEK 800 million to ICA Bank in connection to closing the transaction which, based on Q3 2020, is expected to affect ICA Gruppen’s Net debt/EBITDA ratio by slightly less than +0.1.

The deal is subject to and contingent upon customary regulatory approvals.

2020 22 December 12:50 PM
  • Release

ICA Gruppen AB

Box 4075

169 04 Solna, Sweden

Telephone

+46 (0) 8 56 15 00 00

Visitors adress

Kolonnvägen 20, 169 71 Solna

Customer service

+46 (0) 33 47 47 90

Solna, Sweden

To startpage

ICA Gruppen AB

ICA Gruppen AB

Box 4075

169 04 Solna, Sweden

Telephone

+46 (0) 8 56 15 00 00

Visitors adress

Kolonnvägen 20, 169 71 Solna

Customer service

+46 (0) 33 47 47 90

Headquarters

Solna, Sweden

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Latest news

Latest news

  • 2023-01-10 11:03 Fredrik Lagercrantz new CFO of ICA Gruppen

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About ICA Gruppen

  • Our business
  • Our values
  • Goals and strategy
  • Engagement
  • Organization
  • Corporate governance

Sustainability

  • Our starting points
  • Our sustainability work
  • Carbon offsetting
  • Sponsorship
  • Question and answer

Innovation

  • ICAx - our innovationshub

Careers

  • Available jobs
  • Find your area
  • Your future with us
  • Life at ICA
  • Student

Financial

  • Press releases
  • Reports
  • Credit market
  • Calendar
  • Contact

Media

  • Press releases
  • Images and films
  • Social media
  • Question and answer
  • Subscribe
  • Contact


To startpage


ICA Gruppen AB

Box 4075

169 04 Solna, Sweden

Telephone

+46 (0) 8 56 15 00 00

Visitors adress

Kolonnvägen 20, 169 71 Solna

Customer service

+46 (0) 33 47 47 90

Solna, Sweden

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