Danish media group Egmont completes acquisition of Forma Publishing Group
In a separate deal, the trade magazines Icanyheter and Market were sold to ICA-handlarnas Förbund
SOLNA, Sweden- – October 3, 2014 –– The sale of Forma Publishing Group to the Danish media group Egmont was announced on 28 August. In a separate deal, the trade magazines Icanyheter and Market were sold to ICA-handlarnas Förbund. The deal was conditional, among other things, on approval from the Swedish Competition Authority which has now been granted. Today, 3 October, the transfer of these operations to the purchasers has been effected.
The divestment is not expected to have an effect on ICA Gruppen’s earnings, but the final purchase price will be based on the transfer values to be determined after the transfer. The final purchase price is expected to be known within approximately 30 days.
ICA Gruppen discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.45 CET on Friday, October 3, 2014.
ICA Gruppen AB (publ) is one of the Nordic region’s leading retail companies, with around 2,300 of its own and retailer-owned stores in Sweden, Norway, Estonia, Latvia and Lithuania. The Group includes the retail companies ICA Sweden, ICA Norway and Rimi Baltic, ICA Real Estate, which owns and manages properties and ICA Bank, which offers financial services to Swedish customers. The Group also includes the wholly owned portfolio company inkClub and partly owned portfolio companies Cervera and Hemtex. For more information see icagruppen.se (http://www.icagruppen.se)